The Power of Optimizing Your Internal Controls

Posted by Guthrie Chenon May 26, 2014

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

PCAOB: Disclosure of Engagement Partner & Audit Participants soon??

Posted by Teresa Comcaston December 4, 2013

We learned of this proposal today and we thought our readers would be interested. This change would have an inpact on the financial reporting requirements for all public companies. 

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Tags: Sarbanes-Oxley Articles & Information, audit, 10k, audit scope, PCAOB, SEC

Should Internal Audit Report to the Audit Committee Directly?

Posted by Alex Roweon April 10, 2013
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Tags: audit, SOX, auditing standards, audit committee, best practices, internal audit, IIA, Institute of Internal Auditors, Sarbanes-Oxley, audit scope, Richard Chambers

COSO - updated "Internal Control -- Integrated Framework"

Posted by Teresa Bockwoldton December 21, 2011

COSO is coming out with a revision to the famous 'COSO Cube' and they have submitted a draft for public comment. The COSO Cube provides the basis for all internal control infrastructures, including Sarbanes-Oxley implementations, and it gives guidance on how to structure and audit control procedures. PwC participate in the update and they have provided a nice synopsis below of the pending change:

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Tags: Internal Controls, SOX, 404 audit, audit scope, COSO, Internal Control Education

Why Does my Audit Take so Long and Cost SO MUCH??!

Posted by Teresa Bockwoldton October 17, 2011

Let's just get down to the skinny of it, audits in any form are painful. We get that.

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Tags: PCAOB News & Information, 404 audit, audit scope, external auditing, PCAOB