Effective cash control is crucial for businesses of all sizes, as it helps prevent theft, fraud, and errors while maintaining financial health. The Fast Company Executive Board is a private, fee-based ...

When I was a junior accountant eons ago, my boss would always give me the cash to reconcile or audit, the minutes to “abstract,” and the internal control questionnaire to go over with the controller ...

Years ago I used to work for a guy named Mike. He was the chief financial officer at the company where we both worked, and I was his controller. Mike, if you're reading this, you know who you are. You ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When people hear the term internal controls, they often ...

New York Times columnist David Brooks’ thoughts on building and maintaining order inform the discussion on rigor in your internal controls. In internal controls, I believe it is incumbent to consider ...

What specifically are internal controls in a compliance program? Internal controls are not only the foundation of a company but are also the foundation of any effective anti-corruption compliance ...

Setting up internal controls is challenging for small and midsized companies. Generally, you don’t have that many employees, and they tend to wear multiple hats. The business processes that fuel ...

You’re working hard to grow your business, but are you aware of the steps you need to take to protect your business? Your business is an asset and needs to be secure against theft and other damages.

Purpose: To provide information about cash control. The collection and control of cash at the university are key functions of the Office of Cash Management (OCM) which has helpful and important ...

Each department is responsible for safeguarding the university’s assets, whether those assets are in the form of cash, merchandise or supplies. A system of internal control is needed to ensure that ...