Corruption represents one of the major causes of poverty all over the world and European Union is fighting against it. In the last few years, the corruption phenomenon registered a high level in some European countries and became one of the most problematic factors for doing business, due to the evolution of the perceived top five global risks: interstate conflict and regional consequences, ext...

Internal control issues are important to all organizations to insure the accuracy, reliability, and timeliness of the resulting financial reports. All accounting students must understand basic internal control concepts and learn how to evaluate weaknesses in an organization' s internal control system. Nevertheless, teaching this topic is very challenging. Students are often overwhelmed with exa...

This study addresses the role of audit committees and auditors in the reporting of internal control deficiencies after the passage of the Sarbanes-Oxley Act (SOX). We find that a higher number of meetings of the audit committee, lesser proportion of ‘financial experts’ in the audit committee, and more auditor changes characterize firms that report weaknesses in their internal controls compared ...