Internal controls

When a new book was recently published about internal controls, I wondered about its benefits or use.

Auditing firms that tend to find material weaknesses in companies’ internal controls are seen as less attractive in the audit market, according to a new study.

The Securities and Exchange Commission is proposing to limit the requirements under the Sarbanes-Oxley Act for audits of internal controls over financial reporting, making them apply to only the largest public companies.

The SEC proposed to free small companies from a Sarbanes-Oxley Act requirement that an auditor sign-off on their internal controls over financial reporting.

The Institute of Internal Auditors wants organizations to pay more attention to fraud control and decide on the role that internal audit will play.

Vulnerability to fraud can pose a catastrophic risk to any company, but to a small business, it can mean life or death.

Accounting professionals need to keep developing and maintaining robust internal controls around cryptoassets.

The Committee of Sponsoring Organizations of the Treadway Commission is issuing new guidance amid heightened regulatory scrutiny of the health care sector.

Section 404(b) of the Sarbanes-Oxley Act of 2002, which requires public companies to undergo annual audits of the adequacy of their internal controls over financial reporting, appears to be supported by investors who want newly acquired companies to be audited as well, according to a new study.

The addition to the close management software company’s Strict Suite Controls product provides a software framework for internal controls.