The Power of Optimizing Your Internal Controls

Posted by Guthrie Chenon Mon, May 26, 2014 @ 03:00 PM

Let’s face it, dealing with internal controls from time to time can be a headache and can certainly get out of hand. The power of an organized internal control structure yields a plethora of benefits in terms of cost efficiency, reduced workload, fewer headaches, and happier employees – You know what they say, Organized People Play™.

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Tags: Internal Controls, segregation of duties, control reduction, SOX, auditing standards, audit costs, Controls Testing, SOX Compliance Made Simple, internal audit, Process Improvement, software, sox compliance, internal control, Sarbanes-Oxley, Vibato, audit scope, internal control tips

Sarbanes-Oxley & PCI: What is a 'complex' password?

Posted by Teresa Bockwoldton Tue, Oct 29, 2013 @ 12:02 PM

I found an interesting article from intuit relating to IT General Computer Controls (ITGCC) and what is the definition of a minimum requirement for a password to be accepted as 'complex.' According to the article from Intuit:

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Tags: Sarbanes-Oxley Articles & Information, Accounting Tip of the Day, ITGCC, Sarbanes-Oxley, Internal Control Education, internal control tips

Sam Antar: On Fraud & the Black Arts of White Collar Crime

Posted by Teresa Bockwoldton Thu, Jul 25, 2013 @ 02:51 PM
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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, segregation of duties, risk assessment, Announcements, SOX, external audit, SOX Compliance Made Simple, White Collar Fraud, Bay Area Accounting Professionals Mixer, Sarbanes-Oxley Training, internal control, risk management, Sarbanes-Oxley, external auditing, Internal Control Education, internal control tips, Sarbanes-Oxley for Non-Profits, corporate governance

More prevention = Less need for Detection

Posted by Alex Roweon Wed, Feb 13, 2013 @ 03:45 PM
New technology is helping seek out fraudulent behavior behind closed doors of companies. Ernst & Young’s Fraud Investigation & Disputes Services is releasing new software that searches for specific key words in company e-mails and detects a change of voice in a spoken press release. The most common fraud phrases are obvious but interesting:
1. Cover Up
2. Write Off
3. Illegal
4. Failed investment
5. Nobody will find out
6. Grey area
7. They owe it to me
8. Do not volunteer information
9. Not ethical
10. Off the books 

Check out more at: http://tinyurl.com/az78o8g
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Tags: Internal Controls, fraud prevention, Press Release, software, compliance, internal control, internal control tips, fraud, Ernst & Young, key words

Internal Controls Alert: FAQ About the JOBS Act

Posted by Teresa Bockwoldton Fri, Apr 20, 2012 @ 01:17 PM

There have been several questions asked by our clients and followers about the Jobs Act and how it applies to various companies in various situations. One question that came up yesterday was what if you are already a public company and your switching exchanges? We found this great questions and answers list from the SEC that should help clarify some details about the Jobs Act, your Sarbanes-Oxley / internal controls requirements and things you should consider relating to this piece of legislation:

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Tags: Sarbanes-Oxley Articles & Information, Internal Control Education, internal control tips

9 Ways to Spot Potential Fraud on your Health Care Bill

Posted by Teresa Bockwoldton Tue, Apr 03, 2012 @ 11:07 AM

9 Ways to Spot Potential Fraud on your Health Care Bill

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, internal control, Sarbanes-Oxley, Internal Control Education, internal control tips, fraud, Internal Control Deficiency

2 Minute Vlog Accounting Tip: Organizing Internal Control Data

Posted by Teresa Bockwoldton Mon, Apr 02, 2012 @ 11:50 AM

2 Minute Vlog Accounting Tip of the Day: How to Organize Internal Control Testing Samples

In less than 2 minutes, learn about how to organize internal controls test samples into binders for easy delivery and review by external auditors and stakeholders.

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, Accounting Tip of the Day, Process Improvement, Internal Control Education, internal control tips

2 Minute Vlog Accounting Tip of the Day: Month-End Close Checklists

Posted by Teresa Bockwoldton Mon, Apr 02, 2012 @ 10:50 AM

2 Minute Vlog Accounting Tip of the Day: Month-End Close Checklists

In less than 2 minutes, learn how and why you should create a period-end close checklist for your organization. Brought to you by Vibato, LLC; simply the best in compliance services.

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Tags: Accounting Tip of the Day, internal control, Internal Control Education, internal control tips, Close Best Practices

Free Webinar on Internal Controls with 1 Hour CPE TODAY AT NOON

Posted by Teresa Bockwoldton Wed, Mar 14, 2012 @ 10:04 AM

Free Webinar on Internal Controls with 1 Hour CPE TODAY, 3/14/2012 AT NOON.

 

Sign up here

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Tags: 404 audit, internal control, Internal Control Education, internal control tips, Internal Control Deficiency

How to Test Internal Controls in 5 Easy Steps

Posted by Teresa Bockwoldton Tue, Mar 13, 2012 @ 07:02 PM
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Tags: Internal Controls, Controls Testing, Internal Control Education, internal control tips, Internal Control Deficiency