Earlier this year, Quantum Corporation disclosed it could not timely file its annual financial report due to internal accounting reviews, later announcing a restatement of financial statements and the ...

Internal controls are business processes that provide reasonable assurance regarding several key business objectives: that the business is operating efficiently, that reporting is reliable and that ...

Internal controls are systems and procedures designed to ensure that all employees perform their duties ethically and honestly. Accounting controls deal specifically with the integrity of internal ...

Compliance professionals, we need to talk about accounting controls again. They’re back in the news these days as an important part of FCPA compliance. In fairness, accounting controls have never ...

White & Case attorneys discuss the changing scope of the internal accounting controls provision under Section 13(b)(2)(B) of the Exchange Act. They analyze recent developments and highlight growing ...

When I was in college, I had a course in internal controls taught by the professor my father had when he was in college. I don’t believe much has changed since my father learned about internal ...

For small businesses, preventing asset misappropriation is crucial to protect against risks that could lead to significant financial loss.

It stands to reason that accounting areas that are highly subjective and complex also are prone to fraud, errors, and breakdowns in internal controls. A recent study by the Anti-Fraud Collaboration ...

Bookkeeping is an essential function of any business. Still, increasing time pressures, a lack of capacity or relying on outdated paper-based records can spiral out of hand, where owners simply don't ...