internal controls Archives - CFO

Is Your Internal Control Environment Up to Date?

Risk & Compliance

Is Your Internal Control Environment Up to Date?

Assessing the state of your current framework is crucial to ensure its effectiveness.

By Mary Wisenski | June 28, 2022

How Many of Your Primary Controls Are Preventive?

Risk & Compliance

How Many of Your Primary Controls Are Preventive?

Fraud detection is good. Preventing fraud in the first place is even better.

By Perry D. Wiggins | September 1, 2021

The Complexities of a COVID-19 Year-End

Risk Management

The Complexities of a COVID-19 Year-End

As CFOs face the demands of year-end accounting and financial reporting, they’re pondering which issues need to be front and center and how to frame them.

By Vincent Ryan | January 12, 2021

Finance Bots: Overcoming the Hesitation

Finance Bots: Overcoming the Hesitation

Striking right balance of risk and governance can curb the unintended consequences of an RPA implementation.

By Vincent Ryan | January 6, 2021

SEC Charges Consumer Loan Company With FCPA Violation

Risk & Compliance

SEC Charges Consumer Loan Company With FCPA Violation

World Acceptance's former Mexico subsidiary paid more than $4 million in bribes to Mexican officials, said the SEC.

By Vincent Ryan | August 7, 2020

The Importance of Accounting Comparability

The Importance of Accounting Comparability

Could deviating from industry norms and employing atypical accounting choices hurt companies and managers?

By Vincent Ryan | July 6, 2020

How to Prevent RPA from Messing With Internal Controls

How to Prevent RPA from Messing With Internal Controls

Accountability and governance throughout the RPA lifecycle are essential for mitigating fraud and maintaining effective controls.

By Vincent Ryan | March 23, 2020

MetLife Fined $10M Over Annuity Accounting

Risk & Compliance

MetLife Fined $10M Over Annuity Accounting

The SEC says the insurer failed to maintain a sufficient system of internal controls, resulting in an improper release of annuity reserves.

By Matthew Heller | December 19, 2019

How to Mitigate the Risk of Employee Fraud

Risk Management

How to Mitigate the Risk of Employee Fraud

Here's what you need to know about fidelity insurance, the different forms of employee fraud, and what to do if you suspect employee fraud.

By David McCann | November 13, 2019

Fresh Evidence of Auditor Bias Emerges

Risk Management

Fresh Evidence of Auditor Bias Emerges

Companies don't look good for penalizing honest auditors, while other auditors don't look good for rendering slanted opinions.

By David McCann | August 12, 2019

Walmart FCPA Case Cites Poor Internal Controls

Risk & Compliance

Walmart FCPA Case Cites Poor Internal Controls

The Securities and Exchange Commission today charged Walmart with dragging its feet on anti-corruption compliance for more than a decade.

By Vincent Ryan | June 20, 2019

SEC Approves Audit Exemption for Smaller Firms

SEC Approves Audit Exemption for Smaller Firms

Requiring smaller companies to have their internal controls audited "may not be an efficient way of benefiting and protecting investors."

By Matthew Heller | May 9, 2019

Companies Are Moving Slowly on ASC 842

Risk & Compliance

Companies Are Moving Slowly on ASC 842

Here's a look at issues companies will face in implementing the new lease accounting standard.

By David McCann | April 10, 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

Metric of the Month: Automated Primary Controls

Metric of the Month: Automated Primary Controls

Automation can process more internal controls data in less time, with greater accuracy, pinpointing suspicious activity that manual auditing might miss.

By Perry D. Wiggins and CPA | November 5, 2018