Internal accounting controls govern your financial system. "Management is responsible for developing and maintaining effective internal control," reports the U.S. Whitehouse Office of Management and ...

Accounting systems and inventory can be especially vulnerable to theft, fraud or outright mismanagement. Controlling the integrity of your accounting records and the security of your inventory can ...

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 ...

IMGCAP(1)][IMGCAP(2)]Effective internal controls reasonably prevent material misstatements in financial reporting and fraud, but poor internal controls have hurt businesses, investors and the public ...

The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday to improve accounting guidance for arrangements between entities under common control. The proposed ASU ...

Japan’s exchange chief is urging Nidec to move quickly to improve internal controls in the wake of accounting and reporting ...

A control account is used in bookkeeping and accounting to efficiently consolidate balances for summary and reporting purposes. They are a core accounting tool that aids ledger integrity and financial ...

You just got your committee approvals for a new relation. It is a borrower you have been after for some time. Approvals are fairly standard and call for a secured credit facility with a priority all ...

The Controller’s Office partners with the RIT Service Center (RSC) to provide excellent service to our customers. Many self-services requests related to Property Control can now be submitted through ...

The Indian Accounting Standards (IND AS) are in the process of being introduced to replace Indian GAAP. Different dates have been prescribed for companies to start preparing their financial statements ...

This article appeared on PlanPhilly. Sloppy accounting practices inside Philadelphia’s City Hall made headlines last year after officials lost track of $33 million dollars in taxpayer funds. The money ...