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.

Privately held companies operating internationally face risks that require a well-designed system of internal control to counteract. The system is contingent on general ledger applications, inventory, ...

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 ...

Effectively managing internal controls for business systems is a top priority in order to prevent risks, stop fraud, keep a company secure – and experience clean, cost-effective audits. As the CTO of ...

Question: What is the time frame requirement with regard to post-closing quality control (QC) audits? In short, when must they be completed? Answer: HUD and VA require that FHA and VA loans be ...

Quality inspectors at Boeing, angry at management’s plan to streamline and automate some quality-control processes with fewer inspectors overseeing the work of mechanics, point to a recent ...

PALO ALTO, Calif., BURNABY, B.C., — January 4, 2024 — D-Wave Quantum Inc. today announced the successful completion of its SOC 2 Type 2 audit as of December 7, 2023. D-Wave said it is the first ...

Proton, which provides VPN and secure mail services, has passed its first SOC 2 Type II audit. Completed in July 2025, this comes in addition to annual third-party security audits of Proton VPN’s ...