Internal Controls

Internal Control Weaknesses at Northwest Pipe Company

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Photo courtesy of The Columbian/Steven Lane
The Northwest Pipe corporate office in Vancouver, Washington. The company restated its sales and earnings figures for 2007 and 2008.

The internal control weaknesses at Northwest Pipe illustrate the importance of organizational structure and managerial standards from the point-of-sale to the cash receipt.  Problems with sales, human resources and operations.

On July 23, 2010, Northwest Pipe Company, a $386 million steel pipe manufacturer based in Vancouver, Washington, received a letter from the Nasdaq Stock Market that the company had until November 4th to file its unfiled 2009 annual report and 2010 quarterly reports to avoid having its stock

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