Internal controls are an important part of any business, regardless of the size or type of business you run. Cash is inherently risky because it is easy to take, in high demand, and not readily identifiable to the business. 553 more words
Tags » Internal Controls
According to the Association of Certified Fraud Examiners (ACFE) 2016 Report to the Nations on Occupational Fraud and Abuse, an organization’s lack of internal controls is the number one weakness contributing to fraud; while living beyond one’s means is the number one behavioral red flag of employees engaging in fraudulent activities. 227 more words
How many levels of information governance, or the lack thereof, are implicated in the recent dust-up over Michael Flynn?
“Wells Board To Cut Off Bonuses,” The Wall Street Journal, February 9, 2017 B2. In the continuing saga of the Wells Fargo account-cramming saga, the Board may withhold or reduce bonuses to some senior execs. 51 more words
Is information important in your company?
“Nuclear Supplier Hit Over Safety,” The Wall Street Journal, February 7, 2017 B3. A key supplier of equipment to nuclear power plants was investigated, and “extensive management weaknesses” were found to have led to the coverup of manufacturing problems at a plant in France. 38 more words