Time to Review and Revise Your Internal Controls (Part I of II)
Laws control the lesser man — right conduct controls the greater one – Mark Twain A company’s internal controls define the backbone of its operations, encompassing financial, operational and compliance functions. The FCPA defines requirements for publicly-traded companies to implement internal controls, including compliance controls. Under the internal controls requirements, issuers must devise and maintain a system of internal accounting controls sufficient to assure management’s...