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An old joke goes something like this…  A businessman was interviewing applicants for the position of Divisional Manager.  He devised a simple test to select the most suitable person for the job. He asked each applicant the question, “What is two … Continue reading →

What happens when a company fails or a major fraud occurs or financial statements are false and misleading?  How do these things happen or — why don’t internal controls work? There are three reasons why internal controls don’t work: 1. The control doesn’t … Continue reading →

Detailed references are available from the following 21 individuals at: www.koexco.com/references  Denis Nally – Chairman & CEO, PricewaterhouseCoopers – US Firm Joel Gordon – Chairman, HealthSouth Corp. Jay Grinney – CEO & President, HealthSouth Corp. Don Southwell – CEO & President, Unitrin Corp. … Continue reading →

Koexco is dedicated to the idea that control excellence means controls that are not only effective but also highly cost effective.  In fact excellent internal controls boost productivity and profitability significantly beyond their cost. This requires eliminating redundant and excessive controls and insuring … Continue reading →