internal controls over financial reporting Archives - CFO

Ex-EY Partner Sanctioned Over Inadequate Audit

Risk & Compliance

Ex-EY Partner Sanctioned Over Inadequate Audit

The PCAOB says William Trainor improperly concluded he did not have to issue an adverse ICFR opinion for Forest Oil.

By Matthew Heller | June 7, 2019

SEC Accuses Four Firms of ICFR Deficiencies

Risk & Compliance

SEC Accuses Four Firms of ICFR Deficiencies

The companies allegedly failed to remedy material weaknesses in their internal controls over financial reporting for seven to 10 consecutive years.

By Matthew Heller | January 30, 2019

SOX 404(b) Provides Investor Value After All

Risk & Compliance

SOX 404(b) Provides Investor Value After All

Study results contradict critics who are trying to water down the Sarbanes-Oxley requirement for auditing internal controls over financial reporting.

By David McCann | December 17, 2018

Research Refutes Sarbanes-Oxley Critics

Risk & Compliance

Research Refutes Sarbanes-Oxley Critics

A new study offers strong evidence of a link between auditor-identified weak internal controls and subsequent fraud cases.

By David McCann | September 5, 2017

Audit Fees Rise Again

Financial Reporting

Audit Fees Rise Again

Audit fees increased by a median of 3.2% in 2015, but the largest filers are keeping a lid on costs by improving internal controls.

By Sean Allocca | December 2, 2016

Risky Business: SEC Focuses on Internal Controls

Risk & Compliance

Risky Business: SEC Focuses on Internal Controls

A decline in accounting fraud has freed up time for SEC staff to prioritize internal controls over financial statements.

By Howard Scheck | November 16, 2016