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.

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.