Houston Chronicle

An Audit Firm's Responsibility About Weaknesses in Internal Control

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.

[For New Hires/Accounting] Introduction to Internal Control and J-SOX: The Real Reason Accountants Obsess Over 'Audit Trails'

"Do we really need an approval stamp every single time?""Why is it not okay to lack an 'audit trail' even if I've checked it ...
Houston Chronicle

What Is the Purpose of Internal Auditing?

An internal audit helps a company ensure it has the proper controls, governance and risk management processes in place, according to the Institute of Internal Auditors. By nature, it's an independent ...
The Wall Street Journal

Implementing COSO’s Internal Control—Integrated Framework

In response to a confluence of regulatory statements and standard-setting activities, companies, audit committees, auditors and regulators have increased their focus on internal control over financial ...

To Those Disappointed by a Transfer to Internal Audit: An Interview with the Author of 'The Gardener of Governance'

A Call to Action for Effective Internal Auditing" by Rainer Lenz and Barrie Enslin. We consider internal audit not just as ...
Accounting Today

SEC mulls rollback of internal control audit requirements

The Securities and Exchange Commission is proposing to limit the requirements under the Sarbanes-Oxley Act for audits of internal controls over financial reporting, making them apply to only the ...
Phys.org

Controversial internal control audits improve operational efficiency for small firms, study finds

The November collapse of cryptocurrency exchange FTX serves as a lesson of what happens when a corporation avoids internal audits of its own financial operations. A new article examines how such ...
knowledge.wharton.upenn

Internal Control Audits: Why an SEC Proposal Could Hurt More Than It Helps

Wharton's Daniel Taylor discusses his research on why proposed SEC changes on small firm audits could lead to more accounting scandals. The Securities and Exchange Commission proposed in May to exempt ...
poole.ncsu.edu

Do Smaller Public Companies Need Internal Control Audits?

The Sarbanes-Oxley Act of 2002 significantly expanded oversight of public companies following high-profile accounting scandals at Enron and WorldCom. Among its most debated provisions is Section 404(b ...

Sixthfin Launches T&E Controls Software 2026 - Travel and Expense Controls Solution for Finance, Audit and Internal Control Departments Analyses 100% of Expense Claims After ...

Sixthfin T&E Controls Analyses 100% of Expense Claims After Approval. London, United Kingdom, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Finance, ...

Your AI Is Now An Internal Control. Your Auditor Will Test It Like One

A reviewer who approves 40 AI-drafted entries in 10 minutes has produced a signature. The auditor will ask for evidence of ...
Sacramento State University

What is Internal Auditing?

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish objectives by ...