カテゴリー 全て - internal - controls - management - risk

によって Matt Rich 11年前.

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Chapter 3 - Internal Controls

The chapter explores the intricacies of internal controls, focusing on the implications of the Sarbanes-Oxley Act of 2002. It details the requirements for external audits, disclosures to the SEC, and management certification and signatures.

Chapter 3 - Internal Controls

Chapter 3 - Internal Controls (IC)

Sabanes-Oxley Act, 2002

External audit of IC, Required Disclosures to SEC, Management Certification, Management Signatures

Foreign Corrupt Practices Act, 1977

Help clean up bribes, international fraud, accounting, and other business acts
Monitioring
continual process, exaple is internal auditors
Info & Communication
installing virus protection, correct user access
Control Activities
Preventive, Detective, and Corrective Controls - SOC I Reports
Risk Assessment
Evaluating internal control, external and internal auditors
Control Enviornment
tone from the top of the organization
The organization responsible for maintaining ICs.

Brown's Risk Taxonomy

Hazard Risk
Directors' and officers' liability - any big risk (Enron)
Strategic Risk
Business Strategy Risk
Legal and Reulatory Risk
Operational
Human Error
System Risk
Financial Risk
Liquidity Risk - sufficient cash for ST obligations
Credit Risk - payment from people who owe money
Market Risk - stock price, investment values, interest rates, etc.

Effect areas such as Operations, Financial Reporting, and Human Behavior

Designed to provide "reasonable assurance"

Involves people in the organization

It's a process

COSO Framework