Understanding Internal Control and Internal Control Services
September 2009 | BY Thomas A. Ratcliffe, CPA, and Charles E. Landes, CPA | Article
This white paper written by Thomas A. Ratcliffe and Charles E. Landes and prepared by the AICPA Audit and Attestation Standards and Professional Publications teams seeks to clear up confusion among practitioners relating to the concept of internal control over financial reporting. It describes the concepts of internal control (specifically internal control over financial reporting) and discusses the types of services related to internal control that may be performed by practitioners in public practice.
