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Internal Control Monitoring

By Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) | 3 Minutes Read October 2, 2019

The five essential elements of internal controls within accounting teams

Accounting departments need to implement the five essential elements of internal controls within their teams. Like it or not, organizations hold their accounting departments to higher standards when it comes to internal controls.

Article by Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) / Business, Finance and Accounting / Apolone Gentles JD CPA CGA, Elements of internal controls, Internal Control Monitoring, Internal Controls, reconciliations, reviews, separate and ongoing evaluations, Supervision

By Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) | 3 Minutes Read July 3, 2019

Effective monitoring of internal controls is critical

If the most serious internal control violation is a failure to implement internal controls in the first place, the failure to monitor existing internal controls is a close contender. Identify where in the organization effective monitoring occurs and leverage those successes.

Article by Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) / Business, Finance and Accounting / Committee of Sponsoring Organization of the Treadway Commission, COSO, Exception Reports, IIA, internal audit, Internal Control Monitoring, Internal Control Override, Internal Controls, Lines of Defense, Monitoring, Ongoing Evaluations, Process Deficiencies, Separate Evaluations

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