Taxation & Estate Planning

KPMG: Internal Audit Talent Shortage Challenges Companies, Audit Committees
Companies are struggling to find qualified internal audit talent, as audit departments cope with greater responsibilities while needing additional -- and different -- resources. Corporate management is asking internal audit to find new ways to help achieve strategic objectives...

Internal audit eyes a matter management system and its processes
During a presentation recently, the finance manager of a large law department mentioned that in 2007 his company?s internal audit group had reviewed the legal department?s processes...

Sarbanes-Oxley Compliance Costs Decline
A survey of 185 companies by Financial Executives International found that compliance costs for Sarbanes-Oxley's internal controls audit requirements, Section 404, had declined 5.4% last year...

New GAO Reports: Federal Disability Programs, Combating Terrorism, IRS's Internal Controls, Alien Detention Standards
Federal Disability Programs: Coordination Could Facilitate Better Data Collection to Assess the Status of People with Disabilities, GAO-08-872T, June 04,...

DOJ OIG Audit of ATF Controls Over Its Weapons, Laptop Computers
The Bureau of Alcohol, Tobacco, Firearms and Explosives’ Controls Over Its Weapons, Laptop Computers, and Other Sensitive Property, Audit Report...

A lesson on the importance of internal controls from across the pond
Ever since Sarbanes-Oxley was enacted, corporate lobbyists have derided its internal control provisions as unnecessary red tape that threatens American competitiveness. According to these critics, implementing strong financial controls, and having auditors review their efficacy, was simply not worth the...

Virgin Atlantic Flight
Makes Emergency Landing

$1.5 Million Asbestos Mesothelioma Verdict Against Fisher Controls International
$1.5 Million Asbestos Mesothelioma Verdict