Office Max!

Internal controls are hard to implement in a meaningful way.

A new article by my friend Kim Krawiec explores the problems associated with the law's current emphasis on corporate internal control systems:

... any internal compliance-based organizational liability regime is likely to fail because courts and agencies lack sufficient information about the effectiveness of such structures. As a result, an internal compliance-based liability system encourages the implementation of largely cosmetic internal compliance structures that reduce legal liability without reducing the incidence of organizational misconduct. » How Broken is the U.S. Accounting Profession? from Conglomerate

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Read more from this blogger: The problem with internal controls