1. Plan & Scope
-Financial Reporting Process
-Supporting Systems
2. Perform Risk Assessment
-Probability & Impact to Business
-Size / Complexity
3. Identify Significant Controls
-Application Controls, over initiating, recording, processing & reporting
-IT General Controls
Popularity: 53% [?]
Popularity: 53% [?]
Sarbanes Oxley Act Key Provision are:
Auditor independence
Creation of PCOB
End of other services
Corporate Responsibility
Special audit committee
CEO and CFO self certification re financial statements
Enhanced Financial Disclosures
Written code of ethics
Annual report stating management responsibility for adequate control structure
Corporate and criminal fraud accountability
No destruction of documents
Whistleblowing protection
Detail summary of the Provisions of the Sarbanes-Oxley Act of 2002 can be […]
Popularity: 42% [?]
An election year is not proper to overhaul a complicated area like securities regulation.
Simply follows headlines from Enron and others with little appreciation for systemic problems
The efforts of SEC and other SROs is not taken into account by Congress.
Little appreciation for markets` response to the scandals.
Many provisions are simply delegations of authority to the SEC […]
Popularity: 41% [?]
Sarbanes Oxley Act of 2002 created because several reasons, below the major reason this list taken from from Wharton Financial Institutions Center, an independently managed site at the Wharton School of the University of Pennsylvania.
The environment triggering corporate scandals
Take over movement, equity compensation linked executives’ interest to the share price.
Motivations to meet market […]
Popularity: 56% [?]
Looking for Sarbanes Oxley Powerpoints Presentations? here’s some of best compilations of presentations available at internet.
Sarbanes-Oxley Act Power Point Presentation, The Institute of Internal Auditors, Baltimore Chapter. download.
Sarbanes Oxley Internal Controls Strong Contract Management Disciplines Required for 404 Certification. download.
Sarbanes-Oxley, Internal Control, & Cash. download.
Sarbanes Oxley Act of 2002, Regulations Affecting Corporate Responsibility […]
Popularity: 88% [?]
Sarbanes Oxley Inherent process risk:
Materiality of accounts and transactions
Susceptibility to fraud
Complex accounting requirements
Subjectivity, estimates, uncertainty, judgment
Changes in process or volume
Related-party transactions
Subject to technological or economic developments
Risk Evaluation Template that can help you save time and money by doing less testing of low-risk controls
URL (xls files): http://www.sarboxpro.com/freedownloads.aspx
Popularity: 69% [?]
Popularity: 69% [?]