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Inside Internal Controls

News and discussion on implementing risk management

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Payroll’s impact in the accounting cycle

From an accounting perspective, payroll is straightforward — or at least that is what some accountants and auditors think!

 

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Reading the tea leaves: Understanding the conditions which charities will face in the upcoming year

Despite the fact that predicting the future is usually a job for soothsayers and readers of tea leaves, we nevertheless take the opportunity of the new year to try and understand the conditions which charities will face in the upcoming year.

 

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Why should I monitor IT effectiveness and how do I do it?

The two definitive studies by COSO identify monitoring as a critical component of internal control and risk management. Monitoring refers to both ongoing monitoring processes to ensure that a system functions as it is supposed to (including management and review aspects), as well as ad hoc special studies and audits to review the system…

 

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