The Business Journals

Internal controls protect small and mid-sized businesses from financial fraud and operational risks

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When people hear the term internal controls, they often ...
WRAL

NC battleship commission made $2.1M in financial reporting errors, state audit says

The USS North Carolina Battleship Commission says it is working to strengthen internal controls over financial reporting to comply with state law. The audit didn't allege criminal wrongdoing. The ...
KTBS

Auditor cites Mansfield for noncompliance, internal control deficiencies, financial reporting weaknesses

MANSFIELD, La. – The City of Mansfield did not comply with the state public bid law, failed to amend its budgets, didn’t publish meeting minutes and violated the state Constitution’s prohibition on ...
WECT

Audit finds financial reporting errors and inadequate management by USS North Carolina Battleship Commission

WILMINGTON, N.C. (WECT) - In its annual audit of the USS North Carolina Battleship Commission, the Office of State Auditor Dave Boliek identified more than $2 million worth of financial reporting ...
AOL

Super Micro shares dip after AI server maker flags financial control concerns

(Reuters) -Super Micro Computer's shares fell nearly 5% on Friday after the artificial intelligence-optimized server maker reiterated weaknesses in internal control over financial reporting. The ...
Hosted on MSN

Kyndryl delays quarterly filing, flags financial reporting concerns

Feb 9 (Reuters) - Software provider Kyndryl on Monday delayed the filing of its quarterly report, saying it anticipates material weaknesses in its internal control over financial reporting for ...
Accounting Today

Internal audit and the CFO: 5 safeguards to independence

After more than 10 years of sounding alarms about the dangers of having internal audit report administratively to the chief financial officer, I must grudgingly concede my warnings have fallen on deaf ...
JD Supra

What Public Companies Should Know as SEC Accounting and Auditing Enforcement Actions Witness Significant Drop

During last month’s Securities Enforcement Forum in Washington, DC, securities enforcement and white collar criminal defense attorneys highlighted an important shift of priorities happening within the ...
Hosted on MSN

ACCA and IIA report on internal control for sustainability reporting

The Association of Chartered Certified Accountants (ACCA) and The Institute of Internal Auditors’ (IIA) Internal Audit Foundation have produced a report emphasising the importance of internal control ...