State audit confirms repeated security weaknesses, gaps in documentation and oversight

The California State Auditor uncovered several issues during an investigation.This report from last year covered the state's ...
JD Supra

Assessing compliance internal controls under the COSO 2013 Internal Controls Framework

In the age of Coronavirus, it could well be time to assess your internal controls beyond a gap analysis. Consider what COSO says about assessing compliance internal controls. In its Illustrative Guide ...
JD Supra

HKEX Annual Review Reiterates Concerns Over Issuers' Deficiencies In Internal Controls

The annual Hong Kong Stock Exchange (HKEX) review of Issuers’ Annual Reports (Review) for 2022 found that deficiencies in internal controls remained a common underlying reason for modification of ...
Hartford Courant

CT agency audit finds internal control deficiencies, instances of noncompliance with laws

The most recent audit of the state Department of Agriculture identified “internal control deficiencies and instances of noncompliance with laws, regulations, or policies,” records show. The document ...
Reuters

SEC charges QSGI CEO, former CFO over internal control failures

WASHINGTON, July 30 (Reuters) - U.S. regulators charged the chief executive and former chief financial officer of Florida-based computer equipment company QSGI Inc on Wednesday with misleading outside ...
Nasdaq

JPMorgan Chase Unit Fined $250 Mln Over Deficiencies In Internal Controls

(RTTNews) - JPMorgan Chase Bank, N.A., a unit of JPMorgan Chase & Co., has agreed to pay $250 million penalty over the bank's failure to maintain adequate internal controls and internal audit over its ...
Compliance Week

Weakness, Deficiency Disclosures In February 2005

According to a review of internal control disclosures made during the month February 2005, 18 companies disclosed material weaknesses in their internal control over financial reporting, and five ...