The number and type of controls incorporated into the production environment directly correlate to the quality of the reports and the reduction of risk. Fund companies and financial reporting teams are under increasing pressure by auditors and regulators to enhance their control environment through expansion of scope, refinement of methods, and process automation where possible.

COSO Defines Internal Control: http://www.coso.org/resources.htm

The CPA Journal Online - Research: http://www.nysscpa.org/cpajournal/2008/208/essentials/p42.htm

The CPA Journal Online - SOX: http://www.nysscpa.org/cpajournal/2006/1106/essentials/p32.htm

SEC: Spotlight on rulemaking and round tables related to internal control reporting

PCAOB: Auditing Standard no. 5, guidelines for financial reporting controls

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