Resources

110 Resources for

finance and internal control

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ASB Proposes Changes to the Attestation Standards: The article says that during the past few years, there has been a large increase in the number and types of services performed under Statements on Standards for Attestation Engagements SSAEs. The SSAEs provide guidance and establish a framework that enable CPAs to provide assurance on information other than...; Tags: Internal Control, AICPA, Certified Public Accountant, Standards, ASB, Auditing Standards Board, Financial Statements, Financial Planning, Financial Accounting, Finance; White papers 1998-07-01
Proposed Statement on Standards for Attestaion Engagements: The article is for reporting on an entity's internal control over financial reporting. This Statement establishes standards and provides guidance to the practitioner who is engaged in issuing or does issue an examination report on the effectiveness of an entity's internal control over financial reporting as of a point in...; Tags: Internal Control, AICPA, Standards, Financial Planning, Finance; White papers 2003-01-01
Proposed Rule: Disclosure Required By Sections 404, 406 And 407 Of The Sarbanes-Oxley Act Of 2002: The article states to the require companies to include a number of new disclosures in their Exchange Act filings. First, companies would be required to disclose the number and names of persons that the board of directors has determined to be the "financial experts" serving on the company's audit committee...; Tags: Financial Reporting, Internal Control, Financial, Sarbanes-Oxley Act, Financial Planning, Financial Accounting, Finance; White papers 2003-01-22
Internal Controls and Fictitious Invoices: This case study is related to the frauds in accounts payables and mismanagement of payments in organization books. It is stated in the case that a senior accountant finds evidence of poor internal controls and, ultimately, fraud, at a family of not-for-profits. In order to solve all of the problems...; Tags: Payment, Internal Control, Bond, Invoice, AICPA, Operational Accounting, Investment, Litigation, Finance, Business Operations; Case studies 2003-01-01
Meeting The Challenge: How Financial Institutions Are Responding To Sarbanes-Oxley: This publication describes the special challenges that the internal control requirements of Sections 302 and 404 pose for companies in the financial services industry, and what well-managed firms are doing in response. Section 302 of the Sarbanes-Oxley Act, the Act, which requires CEOs and CFOs to personally certify that...; Tags: Deloitte Touche Tohmatsu, Finance, Financial, Financial Accounting, Government, Human Resources, Internal Control, Policies And Procedures, Regulations, Regulatory Compliance, Sarbanes-Oxley, Sarbanes-Oxley Act; White papers 2003-01-01

Roundup Accounting - FASB Issues Exposure Draft on QSPEs: FASB Issues Exposure Draft on QSPEs. FASB issued an exposure draft of a proposed Statement, Qualifying Special-Purpose Entities and Isolation of Transferred Assets.an amendment of FASB Statement No. 140. The exposure draft changes the requirements that an entity must meet to...; Tags: Internal Control, Financial, Financial Accounting Standards Board, Financial Accounting, Finance; White papers 2003-06-23
Leveraging Internal Control to Build a Better Business: A Response to Sarbanes-Oxley sections 302 and 404: "The article explains about the different views for the Act like • "Sarbanes doesn't apply to my small business; it's meant for Fortune 500-type companies." • "Compliance with Sarbanes is not my concern; it's my independent auditor's problem."etc. But it applies to every public company in the United States and...; Tags: Sarbanes-Oxley Compliance, Internal Control, Sarbanes-Oxley Act, Compliance, Sarbanes-Oxley, Regulatory Compliance, Regulations, Government, Financial Accounting, Finance, Human Resources, Policies And Procedures; White papers 2003-04-01
The Sarbanes-Oxley Act Of 2002: SEC Issues Final Rules Regarding Internal Control Over Financial Reporting Under Section 404: This article, first addresses the definition of the new term coined by the SEC, "internal control over financial reporting." Next, it analyzes the requirements for management's assessment and report and auditors' attestations. Following those discussions, it addresses the modified requirement for quarterly evaluations. Then, it considers changes made at...; Tags: Financial Reporting, Internal Control, Financial, Sarbanes-Oxley Act, SEC, Section 404, Cooley Godward, Sarbanes-Oxley, Regulatory Compliance, Regulations, Financial Planning, Government, Financial Accounting, Finance, Human Resources, Policies And Procedures; White papers 2003-08-04
Moving Forward?A Guide To Improving Corporate Governance Through Effective Internal Control: The Sarbanes-Oxley Act of 2002 has literally rewritten the rules for corporate governance, disclosure, and reporting. Yet beneath the act's myriad pages of legalese lies a simple premise: Good corporate governance and ethical business practices are no longer niceties — they are the laws. Some observers have described Sarbanes-Oxley as...; Tags: Business Operations, Corporate Governance, Corporate Law, Deloitte Touche Tohmatsu, Finance, Financial Accounting, Government, Human Resources, Internal Control, Policies And Procedures, Regulations, Regulatory Compliance, Sarbanes-Oxley, Sarbanes-Oxley Act; White papers 2003-01-01
COSO back in the limelight: "The Sarbanes-Oxley Act of 2002, enacted by the US Congress and had a major impact not just in the US, but on the financial services industry globally. One consequence has been a new focus on internal controls. Companies listed on the US Securities and Exchange Commission SEC must comply...; Tags: Internal Control, SEC, Sarbanes-Oxley, Regulations, Government, Financial Accounting, Finance; White papers
Strategies for Meeting New Internal Control Reporting Challenges: The Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley) was enacted on July 30, 2002, largely in response to a number of major corporate and accounting scandals involving some of the most prominent companies in the United States. These scandals have resulted in a great loss of public trust in...; Tags: Accounting, Finance, Financial Accounting, Financial Services, Government, Human Resources, Internal Control, Policies And Procedures, PricewaterhouseCoopers LLP, Regulations, Regulatory Compliance, Sarbanes-Oxley, Sarbanes-Oxley Act, Strategy; White papers 2003-01-01
Leveraging Internal Control to Build a Better Business: A Response to Sarbanes-Oxley: This article explains that the benefits of a strong internal control structure can deliver business value far beyond just mandatory compliance with Sarbanes-Oxley regulations. This also explains Sarbanes-Oxley sections 302 and 404.Sarbanes. The Sarbanes-Oxley Act of 2002 is, by any standard, a complex piece of legislation, one that has engendered...; Tags: Deloitte Touche Tohmatsu, Finance, Financial Accounting, Government, Human Resources, Internal Control, Policies And Procedures, Regulations, Regulatory Compliance, Sarbanes-Oxley, Sarbanes-Oxley Act; White papers 2003-04-01
SEC Issues Final Rules Regarding Internal Control Over Financial Reporting Under Section 404 (2): This alert, first addressees the definition of the new term coined by the SEC, "internal control over financial reporting." Next, it analyses the requirements for management's assessment and report and auditors' attestations. Following those discussions, it addresses the modified requirement for quarterly evaluations. Then it considers changes made at the...; Tags: Financial Reporting, Internal Control, Financial, Sarbanes-Oxley Act, SEC, Section 404, Cooley Godward, Sarbanes-Oxley, Regulatory Compliance, Financial Planning, Regulations, Government, Financial Accounting, Finance, Human Resources, Policies And Procedures; White papers 2003-08-04
SEC Issues Final Rules Requiring Internal Control Reports in Annual Reports: The article talks about the SEC implementing the new rules of Section 404 of the Sarbanes-Oxley Act requiring both U.S. and foreign private issuers to include in their annual reports a report by management evaluating the company's internal controls. This article also shows the comparison between new and old Section...; Tags: Internal Control, SEC, Annual Reports, Financial Statements, Sarbanes-Oxley, Financial Accounting, Finance, Regulations, Government; White papers 2003-06-18
Memorandum For Chief Executive Officers: On June 18, 2003, the Securities and Exchange Commission SEC, as directed by Section 404 of the Sarbanes-Oxley Act of 2002, issued a final rule entitled Management's Reports on Internal Control Over Financial Reporting and Certification of Disclosure in Exchange Act Periodic Reports. This rule requires that companies subject to...; Tags: Internal Control, SEC, Sarbanes-Oxley, Financial Planning, Regulations, Government, Financial Accounting, Finance; White papers 2003-08-21
Today's Governance Codes: Demanding, Confusing and, Ultimately, How Effective?: "This article discusses how a meaningful code of conduct can be established and how to create a framework for complying with Section 404 of Sarbanes-Oxley, which requires a company's management to present an internal control assessment in the company's annual report. Sarbanes-Oxley will ensure that there will be fewer corporate...; Tags: Internal Control, Sarbanes-Oxley Act, Financial Executives International, Sarbanes-Oxley, Regulatory Compliance, Regulations, Government, Financial Accounting, Finance, Human Resources, Policies And Procedures; White papers 2003-06-01
Management's Report On Internal Control Over Financial Reporting And Certification Of Disclosure In Exchange Act Periodic Reports: As directed by Section 404 of the Sarbanes-Oxley Act of 2002, rules are being adopted requiring companies subject to the reporting requirements of the Securities Exchange Act of 1934, other than registered investment companies, to include in their annual reports a report of management on the company's internal control over...; Tags: Financial Reporting, Certification, Internal Control, Financial, Financial Planning, Finance; White papers 2003-08-14
CFOs: Risk Magnets: Whether the wide-ranging provisions of Sarbanes-Oxley actually keep corporate corruption in check remains to be seen. In a recent poll of finance executives conducted by Parson Consulting, only 6 percent of the respondents said they thought the law would curb accounting abuses. Indeed, Sec. 404 mandates continuous monitoring, testing, and...; Tags: Accounting, Internal Control, CFO Publishing Corp., Operational Accounting, Financial Services, Finance; White papers 2003-06-04
Information Technology, Internal Control, and Financial Statement Audits: Modern data processing systems pose new, risk-laden challenges to the traditional audit process. Whereas it was once possible to conduct a financial statement audit by assessing and monitoring the controls over paper-based transaction and accounting systems, businesses have increasingly turned to electronic transaction and accounting systems. SAS 94 offers guidance...; Tags: Accounting, Audit, Internal Control, Financial, Information Technology, Financial Statement, Data-processing, Certified Public Accountant, Accounting System, Financial Statements, Financial Accounting, Financial Planning, Finance; White papers 2003-01-01
COSO Based Auditing: The COSO document, Internal Control Integrated Framework, changed the way one looked at internal control. After several significant audit failures occurred during the 1980s, The Committee of Sponsoring Organizations COSO formed to redefine internal control and the criteria for determining the effectiveness of an internal control system. Applying COSO to...; Tags: Audit, Internal Control, Auditing, Financial Accounting, Finance; White papers 2003-05-12