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.

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish objectives by ...

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. Audit partners who issue adverse internal control opinions are ...

The Institute of Internal Auditors wants more organizations to put in place anti-fraud controls and decide on the role that internal audit will play. In a new position paper, “ Fraud and Internal ...

Drexel University is an institution that provides high-quality education, research and service; to ensure high standards are met, it is important that there be adequate systems of control and ...

As the cost of compliance continues to increase, risk managers are finding that collaboration across the three lines of defense can achieve an integrated risk management solution that optimizes ...

Discover what a Certified Internal Auditor (CIA) is, how to obtain this global certification, and the career advantages it offers for internal auditors.

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

Find out what your control self-assessment score is. A score of 20 indicates that these key components of the internal control environment are strong. A score between 10 and 19 indicates that ...

The coronavirus pandemic has raised a number of questions about how to properly audit financial statements when internal controls have changed due to dramatic changes in an entity’s business volume ...

An audit of the city of Camas’ finances released by the Washington State Auditor’s office found the city’s internal controls to be inadequate. According to the state’s findings, which were released ...

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 ...