When your company doesn't have adequate controls in financial management, you don't know the true financial situation of the company and you may report incorrect amounts to authorities for tax and ...

Snow covers the grounds of the St. Elizabeth's campus near the Ceremonial Entrance of the Department of Homeland Security's headquarters on Feb. 2, 2021. (DHS photo) The independent public accounting ...

It became clear that, at Nidec Drive Technology, a consolidated subsidiary of the Company, the wrong data was identified for part of the adjustment, such as sales accompanied by transactions between ...

The audits of companies’ internal controls mandated by the Sarbanes-Oxley Act are good predictors of financial fraud, according to a new study. Processing Content The study, by professors Matthew Ege ...

The Securities and Exchange Commission, which has been after public companies to tighten their internal controls as mandated by Sarbanes-Oxley, needs to do some tightening itself, according to the ...

A small business's internal control system can only be as strong as the rules, policies and procedures put in place to detect fraud, waste or abuse and protect its financial and physical assets.

It’s not just Dodd-Frank that has been roundly disparaged in some quarters, SOX 404(b)—the requirement to have an auditor attestation and report on management’s assessment of internal control over ...

March 13 (Reuters) - Oilfield services firm ProPetro PUMP.N said on Wednesday it has identified material weakness in its internal control over financial reporting. After the weakness in access to its ...

On January 29, 2019, the SEC announced settled enforcement actions against four companies for failures to maintain internal control over financial reporting (“ICFR”) as required by Section 13(b)(2)(B) ...

My latest forensic accounting red flag is from a company whose financial statements may not be entirely reliable. I pulled this highlight from yesterday’s research of 94 10-K filings, from which my ...

An annual audit of the Department of Homeland Security’s (DHS) consolidated financial statements and internal control over financial reporting has been carried out by the independent public accounting ...