Internal controls are systems and procedures designed to ensure that all employees perform their duties ethically and honestly. Accounting controls deal specifically with the integrity of internal ...

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 ...

The Securities and Exchange Commission today approved the Public Company Accounting Oversight Board's new quality control standard. QC 1000, A Firm's System of Quality Control, will require all ...

The Public Company Accounting Oversight Board has issued a concept release proposing a new approach to changing its quality control standards. The changes would represent the biggest changes since the ...

Earlier this year, Quantum Corporation disclosed it could not timely file its annual financial report due to internal accounting reviews, later announcing a restatement of financial statements and the ...

Quality control, as every CPA knows, is a crucial component of an accounting practice. Yet quality control’s importance isn’t always prominently reflected in firm incentives. Firms obviously must pay ...

Simons, Robert L. "The Strategy of Control: How Accounting Information Helps to Formulate and Implement Business Strategy." CA Magazine (March 1992), 44–50.

When managing a tax practice in a CPA firm, one of the primary goals is to establish and comply with best practices by operating with due professional care. Tax practices come in all shapes and sizes, ...