Are you an auditor engaged to audit an entity that is less complex? If so, you may wonder why you spend time on the audit evaluating internal control. This may seem like an exercise that is much more ...

Today many companies recognize the desirability as well as the requirement to have an effective system of internal control. Yet, designing and implementing a cost-effective system of internal control ...

The audit for a manufacturer is nearly identical to the audit of any other business enterprise, except for the additional procedures around the company's inventory balances. Auditors are required to ...

ROCK ISLAND ARSENAL, Ill. – Did you know that the Army gets audited? Well, they do, and it’s for the same reason any large organization might - to ensure accountability and transparency, to improve ...

Internal controls play an integral role in a company’s success, but many young accounting and finance professionals enter their careers without a clear understanding of their importance. I recently ...

IMGCAP(1)][IMGCAP(2)]Effective internal controls reasonably prevent material misstatements in financial reporting and fraud, but poor internal controls have hurt businesses, investors and the public ...

Joint Munitions Command received Internal Review support from Army Sustainment Command since the two commands stood-up in October 2006. A memorandum of understanding governed matrix support provided ...