This excerpt taken from the MWE 10-K filed Mar 7, 2007.
Fixed assets controls including instances of inappropriate authorization of invoices and improper reconciliation procedures.
We formalized the monthly account reconciliation process for all balance sheet accounts. We implemented a formal review of reconciliations by our business unit accounting management.
We conducted a detailed review and re-documentation of all of our control processes and made significant control design changes to ensure that all control objectives are met.