Internal control over financial reporting

Bài giảng "Kiểm soát nội bộ: Chương 1 - Tổng quan về kiểm soát nội bộ" trình bày các nội dung chính sau đây: Định nghĩa về kiểm soát nội bộ; Lịch sử phát triển kiểm soát nội bộ; Các khuôn mẫu kiểm soát nội bộ và báo cáo Coso; Kiểm soát nội bộ đối với lập và trình bày báo cáo tài chính cho bên ngoài ( Internal Control Over External Financial Reporting – ICFR); Vai trò và trách nhiệm đối với Kiểm soát nội bộ. Mời các bạn cùng tham khảo!

25p gaupanda017 19-03-2024 9 3   Download

Part 1 of ebook "Auditing: A business risk approach (6th edition)" provides readers with contents including: auditing - integral to the economy; corporate governance, audit standards; understanding and meeting ethical expectations; audit risk and a client's business risk; audit evidence - a framework; internal control over financial reporting; performing an integrated audit; computerized systems - risks, controls, and opportunities; auditing for fraud;...

404p mocthanhdao0210 19-11-2023 5 4   Download

Lecture Financial Accounting (15/e) - Chapter 7: Financial assets. Define financial assets and explain their valuation in the balance sheet, describe the objectives of cash management and internal controls over cash, prepare a bank reconciliation and explain its purpose, describe how short-term investments are reported in the balance sheet and account for transactions involving marketable securities,...

21p runordie9 27-09-2022 39 2   Download

To improve financial reporting quality, the Chinese government issued the Basic Standard for Enterprise Internal Control in 2008 and other related guidelines/regulations in the following years (hereafter China SOX). The scope of China SOX is broader but similar to Section 404 of the Sarbanes-Oxley Act (SOX) in the U.S. Formal adoptions of China SOX requires management and external auditor’s report on the effectiveness of internal control over financial reporting (ICFR).

16p vimadrid2711 18-12-2019 30 1   Download

In this paper, I investigate the determinants and consequences of disclosure committee adoption. I find that companies with material weaknesses in internal controls over financial reporting and less readable 10-K filings are more likely to adopt disclosure committees.

105p fugu897 03-07-2019 26 2   Download

In this chapter, the learning objectives are: Understand management's responsibilities for reporting on internal control under section 404 of the sarbanes-oxley act, understand the auditor's responsibilities for reporting on internal control under section 404 of the sarbanes-oxley act.

35p shiwo_ding1 30-03-2019 35 1   Download

(bq) part 1 book "auditing" has contents: auditing - integral to the economy; corporate governance, audit standards; understanding and meeting ethical expectations; audit risk and a client's business risk; audit evidence - a framework; internal control over financial reporting; internal control over financial reporting,...and other contents.

404p bautroibinhyen30 15-06-2017 34 4   Download

(bq) part 1 book "auditing" has contents: the risk of fraud and mechanisms to address fraud - regulation, corporate governance, and audit quality; internal control over financial reporting - management’ s responsibilities and importance to the external auditors,... and other contents.

401p bautroibinhyen30 15-06-2017 45 5   Download

In this chapter, the learning objectives are: Understand management's responsibilities for reporting on internal control under section 404 of the sarbanes-oxley act, understand the auditor's responsibilities for reporting on internal control under section 404 of the sarbanes-oxley act, know the definition of internal control over financial reporting (ICFR),...

38p nomoney10 04-05-2017 55 3   Download

(bq) part 1 book "auditing & assurance services" has contents: an introduction to assurance and financial statement auditing; the financial statement auditing environment; risk assessment, evidence and documentation; internal control in a financial statement audit; auditing internal control over financial reporting,...and other contents.

391p bautroibinhyen23 02-04-2017 33 4   Download

(bq) part 1 book "auditing cases - an interactive learning approach" has contents: client acceptance, understanding the client's business and assessing risk, professional and ethical issues, accounting fraud and auditor legal liability, internal control over financial reporting.

215p bautroibinhyen23 02-04-2017 78 8   Download

COSO is pleased to present this guidance to assist smaller public companies in implementing the 1992 COSO Internal Control—Integrated Framework. We believe the guidance will be helpful to smaller businesses as they explore cost-benefit approaches to achieve their financial reporting objectives. This guidance contains numerous examples that have been effectively used by smaller business to address its internal control objectives. The COSO task force has considered the comment letters received during the exposure period of the preliminary guidance.

0p hoadat_1990 12-07-2013 84 14   Download

An organization needs internal controls to provide greater assurance that they will achieve their operating, financial reporting, and compliance objectives; in other words to help the organization succeed in its mission. Internal control helps ensure that the directions, policies, procedures, and practices designed and approved by management and the board are put in place and are functioning as desired.

14p hoadat_1990 12-07-2013 62 4   Download

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) in 1992 issued Internal Control – Integrated Framework to help businesses and other entities assess and enhance their internal control systems. Since that time the Framework has been recognized by executives, board members, regulators, standard setters, professional organizations and others as an appropriate comprehensive Framework for internal control. Also, changes have taken place in the financial reporting and related legal and regulatory environments.

0p hoadat_1990 12-07-2013 82 17   Download

A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the basic financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions.

101p tay_thi_le 19-02-2013 70 5   Download

In planning and performing our audit, we considered the State’s internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the basic financial statements and not to provide assurance on internal control over financial reporting. However, we noted one matter involving internal control over financial reporting and its operation that we consider to be a reportable condition.

0p tay_thi_le 19-02-2013 64 4   Download

Co-operative movement in Tripura started in 1949 and over the years there has been a gradual expansion in size, numbers and volume of operations of Co-operative Societies in the State. Now Co-operative Societies of diversified activities have come up and with the growth of the Co-operative movement its accounting system also gets complicated. Audit of Co-operatives has become a big job to complete it in time maintaining the quality and efficiency.

31p tay_thi_le 19-02-2013 64 4   Download

As part of the statutory framework for the audit of companies under the Companies Act 2006, the Professional Oversight Board (part of the Financial Reporting Council), essentially acts as the main regulator, with statutory powers delegated to it by Government for the recognition and supervision of those professional accountancy bodies responsible for supervising the work of auditors or offering an audit qualification – recognised qualifying body and recognised supervisory body e.g. Institute of Chartered Accountants in England and Wales.

418p tay_thi_le 19-02-2013 54 8   Download

Sarbanes-Oxley: Section 404 There are many elements to the SOX legislation, but Section 404: Management Assessment of Internal Controls is the part that addresses the internal control over financial reporting, where IAM’s related IT controls need to be carefully considered. Section 404 is creating a challenge for management and is one area where budget for addressing control issues is typically being directed.

13p duypha 06-08-2009 81 10   Download