The Public Company Accounting Oversight Board is seeing some improvements in audits of internal control over financial reporting, but also some contradictory findings. In a speech last week during the ...

Princeton’s RCN (RCNCQ.PK) said Tuesday it is in the process of hiring an outside consulting firm to assist in testing the company’s internal controls over financial reporting. The provider of bundled ...

The Public Company Accounting Oversight Board has issued an alert cautioning auditors about the significant number of audit deficiencies that the PCAOB staff has seen in the past three years related ...

Laguna Beach’s Citizens’ Audit Review and Measure LL Oversight Committee presented the results of the city financial audit for the 2017-18 fiscal year on Tuesday. The committee, composed of seven ...

I have recently detailed the COSO 2013 Framework in the context of a best practices compliance regime. However there is one additional step you will need to take after you design and implement your ...

In 2005 about 3,700 large-cap ($75 million or more) companies underwent the first wave of Sarbanes-Oxley section 404 audits. Here, a firm experienced with Sarbanes-Oxley section 404 audits for ...

Although the independent public accounting firm KPMG LLP (KPMG) issued an unmodified (clean) opinion on DHS’s consolidated financial statements, and noted that the financial statements present fairly, ...

and finances revealed a clean report overall but highlighted "significant deficiencies" in internal controls and "material weaknesses." The city also overexpended by a combined $2.7 million the ...

In the age of Coronavirus, it could well be time to assess your internal controls beyond a gap analysis. Consider what COSO says about assessing compliance internal controls. In its Illustrative Guide ...

Editor’s Note: This is the second of a three-part series summarizing recent state audit reports. Part two and part three will detail the performance audit released for the Tennessee Department of ...