Reporting on the Design of Internal Controls
In connection with pre-award surveys, many businesses and nonprofit organizations applying for federal funds are requested to obtain a report on the suitability of their internal controls.
Entries Tagged as 'Accounting & Auditing News'
IFRS for Nonprofit Organizations?
International Financial Reporting Standards are on their way to the U.S. But it's not yet clear which entities will be using them.
New Internal Control Standard Changes Reporting
New audit standard 115 replaces controversial SAS 112, reduces required reporting of internal control deficiencies and allows auditors to exercise more judgment.