PCAOB Audit Standards to get a Codification-Type Treatment

Posted by Alex Roweon March 26, 2013

Today The Public Accounting Oversight Board released a proposal to re-organize their official auditing standards. The document is open to public comment, and a meeting was held early this morning to begin the process. 

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Tags: Internal Controls, auditing standards, Martin Baumann, Vibato, PCAOB

Vibato Vlog- General Ledger Account Change Request

Posted by Alex Roweon March 26, 2013

Check out CIO and Co-Founder of Vibato, Teresa Bockwoldt, explaining the best way to deal with a General Ledger Account Change Request.

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Tags: Internal Controls, teresa bockwoldt, best practices, accountingtemplates.com, Vibato, general ledger account change request

Vlog on How to Handle with your SSAE 16 / SAS 70

Posted by Alex Roweon March 12, 2013

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Tags: Internal Controls, audit, SOX, legislative compliance, SSAE 16, Sarbanes-Oxley, Vibato, SAS 70, accounting

Vlog on Recognizing Revenue!

Posted by Alex Roweon March 6, 2013
Check CIO and Co-Founder of Vibato, Teresa Bockwoldt, speaking on how to test internal controls surrounding recognizing revenue! Any questions?
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Tags: Internal Controls, teresa bockwoldt, audit, Vibato, accounting, vlog, recognizing revenue

More prevention = Less need for Detection

Posted by Alex Roweon February 13, 2013
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