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.
Internal auditors should have sufficient knowledge of fraud to ensure that they may identify indicators that fraud might have been committed. If significant control weaknesses are detected, additional tests conducted by internal auditors should include tests directed toward identification of other indicators of fraud.