What Exactly are Accounting Controls?

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1 Response

  1. Paul Garrett says:

    I'm interested to see if other readers have been looking at continuous auditing solutions? There are a few small companies that are looking to shake up the accounting world by letting the computer do real time monitoring of the accounting system.

    At first I thought the big accounting firms would resist, but my research shows that this way they can shift some of the responsibility back to the client. And they are recognizing that you can't just throw more bodies at certain issues (like CDOs).

    One could also setup rules for certain types of overseas payees, to help find possible warning signs.