When your company doesn't have adequate controls in financial management, you don't know the true financial situation of the company and you may report incorrect amounts to authorities for tax and ...

A not-for-profit should consider the following best practices to ensure that internal financial reports prepared for its board of directors and other governance committees are accurate, timely, and ...

Companies generate financial statements to obtain information about the status of their financial and operational health. Analysis of these statements provides in-depth information that helps identify ...

Brian Beers is a digital editor, writer, Emmy-nominated producer, and content expert with 15+ years of experience writing about corporate finance & accounting, fundamental analysis, and investing.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. A material weakness occurs when a company's ...

The Federal Emergency Management Agency has announced plans to conduct a competition for a contract to provide financial, internal controls, IT audit and assessment services for FEMA’s Office of the ...

Costco reported strong financial results Thursday, while warning it had uncovered weak internal controls that could have allowed someone to gain unauthorized access to its financial reporting systems.

When it comes to assessing and managing the health of one’s suppliers, anticipating and mitigating risk is crucial to maintaining operational stability.When suppliers experience financial challenges, ...