Sentence examples for internal control deficiencies from inspiring English sources

Audit Integrity claims that it has established a direct correlation between its Accounting and Governance Risk assessments and the incidence of adverse events such as class-action litigation, financial restatements, internal control deficiencies, U.S. Securities and Exchange enforcement actions and stock price performance.

Audit Integrity claims that it has established a direct correlation between its flagship Accounting and Governance Risk assessments and the incidence of adverse events such as class action litigation, financial restatements, internal control deficiencies, Securities and Exchange enforcement actions and stock price performance.

Audit Integrity claims that it has established a direct correlation between its Accounting and Governance Risk assessments and the incidence of adverse events such as class action litigation, financial restatements, internal control deficiencies, Securities and Exchange enforcement actions and stock price performance.

We also consider the billing system to be inadequate in Audit Report No. 3181-2009D11010001 issued April 23, 2009 (see Contractor Organization and Systems section, page 11, for detailed explanation of the billing system internal control deficiencies).

However, a statement from the audit agency last Friday said "The internal control deficiencies in the audit report are serious and need to be addressed by DynCorp," the agency stated, adding, "DynCorp is not yet compliant with many of deficiencies cited in the audit report".

The inspector general conducted five financial audits which "identified nearly $1.8 million in questioned costs as a result of internal-control deficiencies and noncompliance issues".

The exchange could also delist the stock if it decides there are "deficiencies in its internal control system," according to criteria listed on the exchange's Web site.

Meyer said that, when McDonnell Douglas acquired Hughes in 1984, "We became aware that there were problems and deficiencies with its accounting and internal control systems.

Reportable events are defined by the American Institute of Certified Public Accountants as "significant deficiencies in the design or operation of internal control which could adversely affect the organization's ability to record, process summarize and report financial data consistent with the assertions of management in the financial statements".

It did not provide details, but noted that under generally accepted auditing standards, reportable conditions were defined as "matters coming to an auditor's attention that represent significant deficiencies in the design or operation of internal control that could adversely affect the entity's ability" to report financial results accurately.

In the filing, Seidman said it had "communicated a material weakness in internal control to the audit committee and management" that the company had "deficiencies in recording material transactions timely, and in the organization and retention of financial documents and accounting records".