Family and early life [edit]. Edward, Jr., was the son of Edward L. and Lucille (Lewis) Moyers. He was born on October 3, 1928, near Meridian, Mississippi. Moyers graduated from Louisiana Tech University with a business degree in 1955.amily and early life [edit]. Edward, Jr., was the son of Edward L. and Lucille (Lewis) Moyers. He was born on October 3, 1928, near Meridian, Mississippi. Moyers graduated from Louisiana Tech University with a business degree in 1955.
Some of the benefits of having a good system of internal controls are: 1  Helping protect assets and reduce the possibility of fraud. 2  Improving efficiency in operations. 3  Increasing financial reliability and integrity.  Ensuring compliance with laws and statutory 1  regulations. Establishing monitoring procedures.
Unlike an external audit, which focuses on determining whether financial statements conform to generally accepted accounting principles, an internal audit focuses on uncovering internal control weaknesses and evidence of fraud, waste or abuse. Internal audit procedures and techniques are essential to effective risk-management implementation.