Latest Internal control Stories
NEW YORK, March 20, 2012 /PRNewswire/ -- Businesses are facing more risks than ever before and the consequences are quickly becoming apparent, according to the 2012 PwC State of the Internal Audit Profession study. Global economic uncertainty tops the list as the biggest perceived risk to companies in 2012, as ranked by nearly three-quarters of stakeholders and chief audit executives surveyed. Yet, other significant risks also have emerged and businesses are asking internal audit...
CHELMSFORD, Mass., March 1, 2012 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of report analytics software and services, today announced that it has exercised its option to purchase from Raymond Huger, d/b/a Math Strategies, the intellectual property underlying the Monarch Report Analytics platform. Huger is the original developer of Monarch and its related intellectual property. Pursuant to a formula contained in a 2004 option purchase...
MT. PROSPECT, Ill., Feb. 21, 2012 /PRNewswire/ -- National data center service provider, CoreLink Data Centers, LLC (http://www.corelink.com/) today announced the completion of an SSAE 16 audit at its colocation facilities. The Statement on Standards for Attestation Engagements (SSAE) No. 16 addresses a service organization's, such as a data center, internal controls. Issued by the American Institute of Certified Public Accounts (AICPA), it is considered the authoritative...
LOS ANGELES, Feb. 3, 2012 /PRNewswire/ -- Independent Film Development Corporation (OTCBB: IFLM) an international distributor of digital films and producer to the multi billion dollar Independent Film Industry, announced today that is has hired Rachel Boulds as its new CFO. From August 2009 to the present, Ms. Boulds has been engaged in her sole accounting practice, preparing full disclosure financial statements for public companies to comply with GAAP and SEC requirements. From...
MINNEAPOLIS, Feb. 2, 2012 /PRNewswire/ -- Cachet Financial Solutions, a leading provider of commercial and consumer remote deposit capture (RDC) solutions for financial institutions and financial service organizations, recently announced that it has successfully completed a SOC 2 Type II examination relevant to security, availability, and processing integrity, and has been issued a SOC 2 Type II Independent Service Auditor's Report. The report was unmodified, with no findings...
HOUSTON, Jan. 23, 2012 /PRNewswire/ -- With an astounding 88% of companies reporting fraudulent activity in their workplace over the past 12 months, it's no wonder that Gainer, Donnelly & Desroches, LLP has affiliated with Red Flag Reporting to protect its clients from fraud. According to the Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners (ACFE) reported an average of five percent of revenue is lost to fraud. The result...
SAN ANTONIO, Jan. 18, 2012 /PRNewswire/ -- LST Financial, Inc., a leading payment processing firm, today announced the Company successfully completed two important annual independent audits: the Bank Secrecy Act, Anti-Money Laundering and Office of Foreign Assets Control (BSA/AML/OFAC) audit; and the annual third-party ACH audit as required by the National Automated Clearing House Association (NACHA), the standards body for ACH processing. The BSA/AML/OFAC audit is the...
Looking for SSAE 16 guidelines for helping organizations meet compliance with the new AICPA attest standard that has effectively replaced the longstanding SAS 70 auditing standard? Unsure of what specific requirements organizations must meet for being SSAE 16 compliant? Trust the experts at NDB Accountants & Consultants and learn about five important elements regarding Statement on Standards for Attestation Engagements No. 16 Dallas, TX (PRWEB) December 29, 2011 Looking for SSAE 16...
ALTAMONTE SPRINGS, Fla. and NEW YORK, Dec. 19, 2011 /PRNewswire/ -- The Committee of Sponsoring Organizations of the Treadway Commission (COSO) - an organization providing thought leadership and guidance on internal control, enterprise risk management, and fraud deterrence - has released, for public comment, an updated Internal Control - Integrated Framework (Framework) intended to help organizations improve performance with greater agility, confidence and clarity. COSO...
LOS ANGELES, Dec. 14, 2011 /PRNewswire/ -- BlackLine Systems has become the first provider of account reconciliation and financial close software to complete the Statement on Standards for Attestation Engagements No. 16 (SSAE 16) report - an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA) which sets guidelines for auditors to use in order to objectively assess the internal controls of service organizations....
