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Why Small Businesses Should Care About Internal Controls

Friday, May 17, 2013

On May 14, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its new internal control framework. Business leaders might assume that the framework is only relevant for large, publicly traded organizations. President and CEO of IMA (the Institute of Management Accountants) Jeff Thomson, CMA, recently spoke with Xavier University Professor Dr. Sandy Richtermeyer, IMA’s representative on the COSO board, to discuss the importance of internal controls in small businesses and other types of organizations... Read More