Tags » Internal Controls

Internal Controls for Dummies

The key concepts used in the COSO model are relevant for a basic understanding of what ‘internal control’ is. They are:
Internal control is a process. 624 more words

Governance

Anti-Fraud Controls and Structure

“Surveys are regularly carried out in an attempt to estimate the true scale and cost of fraud to business and society.  Findings vary, and it is difficult to obtain a complete picture as to the full extent of the issue, but these surveys all indicate that fraud is prevalent within organisations [ 1,943 more words

Assurance: the completeness conundrum

In December 2015, ICAEW’s Audit and Assurance Faculty published the third “milestone” of its journey towards assuring the whole of the annual report, entitled The journey milestone 3: Assuring the appropriateness of business information… 1,212 more words

Professional Services

Tips for Preventing Fraud in Your Organization

If your not-for-profit became a victim of fraud, it wouldn’t just hurt your organization’s bottom line — the infraction also could do devastating damage to your reputation. 600 more words

Not-for-Profit

EMPLOYEE THEFTS AND AUDITS

November 3, 2015

What has the BOC done to set new policy or initiate changes to keep employee thefts from happening? Nothing the public knows about; in fact the only real comment that has been made about the thefts was made by Chairman Gene Trammell when he brushed it all off by saying the bonding company would reimburse the county. 336 more words

County