January 13, 2021
The Internal Control Procedures Series provides a risk reducing framework of financial internal controls for the ten core accounting cycles — these cycles make up the accounting body of knowledge. Each financial cycle focuses on a key element of business accounting and, therefore, should be covered in your company’s financial accounting policies and procedures manual.
December 27, 2020
Sell yourself first, then sell everyone else on the importance and value of compliance. Make them want it!
June 18, 2020
Many members of an organization express concern over whether their company is ethical . If you're one of them, do you know how to improve business ethics?
October 23, 2019
Pass the ITIL?? V3 foundation exam and you will get a free lapel pin.
September 23, 2019
Three things drive up the cost of Sarbanes-Oxley compliance more than any other: Cost of Scale, Cost of Review, and Cost of Improvement.
August 26, 2019
Mistakes are an inevitable part of running a business. It is a common practice that a business faces a drawback due to an unpredictable financial mistake. Some blame it on ignorance, some on lack of professional guidance, while others are simply trying to find someone to blame. The fact is that 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. Meaning that 80% of business fail within their first year.
July 1, 2019
Sarbanes-Oxley (SOX) requires an internal control system. Yet the current financial crises indicates that the needed internal controls are not effectively implemented in many companies.
June 21, 2019
96% of startups fail before they get to the ten-year mark, according to Inc.com. In most cases, their failure trickles down to one vital question; what could go wrong? Those who look for answers to this question early enough manage to protect their business from common risks and create the best atmosphere for its growth.
April 30, 2019
The legislation and implementation of the Health Information Technology for Economic and Clinical Health Act (HITECH) expanded the scope of the Health Insurance Portability and Accountability Act (HIPAA) to reach more organizations. The legislation made it necessary to decipher the HIPAA compliance requirements regardless of whether you’re a doctor, a software developer, or in any other profession.