The threat of litigation or prosecution will likely force many more companies to launch internal audits of options accounting.
Criminal activity is discovered in a variety of ways, including tips, internal audits, by account reconciliation, or by document examination.
Baucus last week that the Institute of Microelectronics is subjected to "rigorous internal audits" and invited the U.S. to review them.
In recent years, for instance, the U.S. Mission to the U.N. began doing its bit for U.N. transparency by posting U.N. internal audits on the U.S. Mission Web site.
The following year it bought Jefferson Wells, a specialist accounting-staff firm a purchase that was to prove spectacularly well-timed, just before America's Sarbanes-Oxley act caused a surge in demand for staff to work on internal audits.
Internal audits routinely criticized Bank lending.
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Deferral of internal control audits has become the norm, although the cost savings of doing so are perhaps not as great as envisioned.
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Nonetheless, some of the evidence released on Monday does seem to suggest that that Ebbers took decisions to try to hamper internal WorldCom audits of the company's financial accounts.
The report found that companies require better internal preparation, including audits that verify readiness to take a more strategic plunge into social business.
During that time companies wouldn't have to undergo the Sarbanes-Oxley law's redundant external audit of an internal audit of their business processes which of course comes on top of the internal and external financial audits.
Others have conducted crisis audits, increased internal legal oversight, moved crucial systems off-site, and upgraded technology.
But the Hannas have also spent the last four years undergoing excruciating audits by the Internal Revenue Service.
They gambled that the Internal Revenue Service, which audits less than 1% of gift tax returns, wouldn't touch them.
Colorado, overstretched, is passing responsibility for these to the federal Internal Revenue Service, which has conducted 250 audits on Colorado easement transactions in the past 14-16 months.
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Perform security audits and decide how to protect systems from external and internal threats.
The Internal Revenue Service had 350, 000 tax-shelter-related audits pending as of mid-1984.
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