A small business's internal control system can only be as strong as the rules, policies and procedures put in place to detect fraud, waste or abuse and protect its financial and physical assets.

An internal audit helps a company ensure it has the proper controls, governance and risk management processes in place, according to the Institute of Internal Auditors. By nature, it's an independent ...

It stands to reason that internal audit, the function responsible for providing independent and objective assurance that controls are designed and operating effectively—among other advisory-related ...

Auditors who issue adverse opinions regarding a client's internal controls can find their careers derailed, according to a recent study. Processing Content The study, released in March, found that ...

Are you an auditor engaged to audit an entity that is less complex? If so, you may wonder why you spend time on the audit evaluating internal control. This may seem like an exercise that is much more ...

A second audit report is overdue for the same reason the first one was late: StanCOG's financial records were in a shambles.

The Committee on Public Finance (CoPF) has flagged staff retention, weak internal controls in state institutions and the need ...

A proposed NYSE rule change would let newly listed companies wait five years before establishing an internal audit function.

The University of New Orleans failed to maintain an effective internal audit function and did not fully comply with financial reporting standards, according to a recent audit conducted as part of the ...

Internal Audit is an independent, objective, assurance and consulting activity, assisting the university in meeting its objectives and improving the effectiveness of risk management, control and ...

Internal auditors are well positioned to play a key role in helping organizations achieve their diversity and inclusion goals. Quantitative and qualitative indicators can provide important insights.