Internal Controls and the Shifting Wave of Focus
Looking at the focus areas of internal controls since 2000, it is clear to see how the tide has shifted back and forth in the priorities of corporations. In this article, Alyne's Regional Head of Sales, Claudia Howe discusses the impact of poor internal controls systems and events that have shifted the attention between operational internal control systems and Internal Control over Financial Reporting (ICFR). How do organisations maintain the balance of well performing ICS throughout all business practices? Additionally, the article looks at the new financial reporting law in Germany: Finanzmarktintegritätsstärkungsgesetz (FISG).