In addition to serving our clients, Vibato strives to provide education on issues around internal controls, financial risk management, and compliance.

• Internal Controls Blog.  Compliance updates, practical strategies, codification tools, and opinions about internal control, fraud, and audit-related topics. And more!

• Tipsheets. Strategic insight and practical tips to help you manage your internal controls, financial risk managment, and audit efforts.

• Surveys. Checklists and surveys to improve your internal control efforts.

• Codification Cheatsheet. Our most popular download. FASB Codification cross-reference chart.

• Industry links. Links to relevant associations and government agencies.

The following SEC requirements exist for all public companies, regardless of size or industry:

• The annual assessment must be performed by both a Competent and Objective party per SEC guidelines

• The establishment and documentation of internal controls around financial reporting and the systems used to produce financial reports (this includes IT-related controls).

• Testing of these internal controls to prove that they are in place and functioning as specified.

• Companies must still include a certification by the Chief Executive Officer and Chief Accounting Officer that the internal controls over financial reporting were tested as part of annual 10K statements.

• Attestation (Section 302) by executive management that all controls are in place and have been tested as working.