State audit confirms repeated security weaknesses, gaps in documentation and oversight

The California State Auditor uncovered several issues during an investigation.This report from last year covered the state's ...
Houston Chronicle

Weakness in Financial Management Internal Controls

When your company doesn't have adequate controls in financial management, you don't know the true financial situation of the company and you may report incorrect amounts to authorities for tax and ...
Compliance Week

Study: Disclosing Control Weaknesses Does You Few Favors

Companies that disclose control problems ahead of restatements get no pat on the back or other indicators of gratitude from investors. On the contrary, they are more likely to face harsher ...
Yahoo Finance

Super Micro’s internal control weaknesses linger

The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for ...
Nasdaq

Nidec Announces Material Weakness About Nidec’s Internal Control Over Its Financial Reporting

It became clear that, at Nidec Drive Technology, a consolidated subsidiary of the Company, the wrong data was identified for part of the adjustment, such as sales accompanied by transactions between ...
ZDNet

328 weaknesses found by WA Auditor-General in 50 local government systems

The Auditor-General of Western Australia on Wednesday tabled a report into the computer systems used at 50 local government entities, revealing 328 control weakness across the group. It was ...
Forbes

What Happens To Audit Partners Who Issue Negative Internal Control Opinions?

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. Audit partners who issue adverse internal control opinions are ...
Houston Chronicle

An Audit Firm's Responsibility About Weaknesses in Internal Control

A small business's internal control system can only be as strong as the rules, policies and procedures put in place to detect fraud, waste or abuse and protect its financial and physical assets.
ZDNet

WA Auditor-General finds control weaknesses in four state IT applications

The auditor-general of Western Australia has found four business applications used by state government entities contain control weaknesses, mostly around poor information security and policies and ...
Homeland Security Today

Audit Finds Internal Control Weaknesses at DHS

Snow covers the grounds of the St. Elizabeth's campus near the Ceremonial Entrance of the Department of Homeland Security's headquarters on Feb. 2, 2021. (DHS photo) The independent public accounting ...
Business Wire

Nidec Announces Material Weakness About Nidec’s Internal Control Over Its Financial Reporting and Its Corrective Actions Implemented

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) announces today that the Company has stated in the internal control report for the fiscal year ended March ...