Transcription of SARBANES-OXLEY SECTION 404
{{id}} {{{paragraph}}}
Example: marketing
SARBANES-OXLEY SECTION 404
SARBANES-OXLEY SECTION 404:A Guide for Management by Internal Controls PractitionersSARBANES- oxley SECTION 404:A Guide for Management by Internal Controls PractitionersThe Institute of Internal Auditors2nd Edition, January 2008 The Institute of Internal Auditors / iTable of ContentsAbout the Second to Use This Guide .. for the CEO and CFO ..3A. SECTION 404: Rules or Principles ..9B. Revisiting the Principles of Internal Control ..11 The COSO Framework ..15C. What Constitutes an Effective System of Internal Control as it Relates to the Requirements of SECTION 404? ..18D. Who Is Responsible for Internal Controls? ..19E. What Is the Scope of Management s Assessment of the System of Internal Control Over Financial Reporting?..21F. Defining the Detailed Scope for SECTION 404 ..251) Using a Top-down and Risk-based Approach to Defining the Scope.
When the U.S. Congress passed the Sarbanes-Oxley Act, the intent was to drive improvements in companies’ internal controls. The benefits were seen as greater assurance to shareholders and other stakeholders in published financial reports, while compliance costs were of lesser significance and were dramatically underestimated.
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: