When your company doesn't have adequate controls in financial management, you don't know the true financial situation of the company and you may report incorrect amounts to authorities for tax and ...

Companies put internal controls in place to limit risks. Possible risks include losses, poor performance on contracts, poor quality and non-compliance with regulations. Documentation procedures detail ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...