Internal Controls


Public Company Accounting Oversight Board (PCAOB) member Daniel L. Goelzer said in a recent speech that Sarbanes-Oxley Act section 404 compliance costs will fall and benefits rise, especially if certain principles become better understood in the marketplace ( www.pcaobus.org/news_and_events/events/2005/speech_text/04-29.asp ). He emphasized that internal control audits require professional judgment and that auditors should advise clients on accounting and control issues, focus on higher risk areas with potential for material findings, integrate financial statement and internal control audits and bear in mind that small companies don’t need the same types of controls or audits as their larger counterparts.

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Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

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Test yourself on these often confused words

The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.