Internal control—a process affected by a college or university's governing board, administration, faculty, and staff—is designed to provide reasonable assurance regarding the achievement of objectives ...

Did you know that the Army gets audited? Well, they do, and it’s for the same reason any large organization might - to ...

Internal controls are necessary to prevent mishandling of funds, safeguard against loss and protect employees from inappropriate charges by defining responsibilities in the cash handling process. The ...

The Failure to Prevent Fraud (FTPF) offence will officially come into force as part of the Economic Crime and Corporate ...

Business Process Understanding and Planning - This initial phase includes understanding key business processes, reviewing existing policies and procedures, and identifying key internal controls. In ...

Whether the process used is manual or automated ... Consult with your campus accountant for questions about cash handling and the associated internal controls.

Business process outsourcing is increasing in volume and variety. Market research firm Grandview Research reported that the ...

Deloitte has flagged internal control deficiencies at VerSe Innovation, potentially leading to material misstatements in ...

Shares spiked 18% during morning trading. However, Super Micro did admit to weaknesses in its internal control process regarding financial reporting, and outlined a strategy to remediate the issues.

Internal control as defined by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) is a process, affected by an entity's board of directors (trustees), management, and other ...

Develop and coordinate all policy related to the internal control program. Implement an on-going training process for all employees. (SMEs are identified across the university and specifically in high ...