Sarbanes-Oxley and the New Internal Auditing RulesSarbanes-Oxley and the New Internal Auditing Rules thoroughly and clearly explains the Sarbanes-Oxley Act, how it impacts auditors, and how internal auditing can help with its requirements, such as launching an ethics and whistle-blower program or performing effective internal controls reviews under the COSO framework. With ample coverage of emerging rules that have yet to be issued and other matters subject to change, this book outlines fundamental blueprints of the new rules, technological developments, and evolving trends that impact internal audit professionals. Order your copy today! |
From inside the book
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Page 1
... -shuffling transactions. CHAPTER. 1. orchestrated by Enron's chief financial officer (CFO), who made massive. 1 Sarbanes-Oxley and the New Internal Auditing Rules: CHAPTER 1 Introduction Accounting and Auditing Scandals and Internal Audit.
... -shuffling transactions. CHAPTER. 1. orchestrated by Enron's chief financial officer (CFO), who made massive. 1 Sarbanes-Oxley and the New Internal Auditing Rules: CHAPTER 1 Introduction Accounting and Auditing Scandals and Internal Audit.
Page 2
... officer (CEO) of the major conglomerate Tyco was both indicted in 2002 and fired because of major questionable financial transactions. Only a few examples are mentioned here; in late 2001 and early 2002, many large corporations were ...
... officer (CEO) of the major conglomerate Tyco was both indicted in 2002 and fired because of major questionable financial transactions. Only a few examples are mentioned here; in late 2001 and early 2002, many large corporations were ...
Page 7
... officer needs to understand SOA as well as the PCAOB and how they will apply to the organization. The guidance on establishing whistleblower functions, establishing an ethics practice, and establishing a good internal controls review ...
... officer needs to understand SOA as well as the PCAOB and how they will apply to the organization. The guidance on establishing whistleblower functions, establishing an ethics practice, and establishing a good internal controls review ...
Page 25
... officers. 11. Records should be established to confirm that the executive-level code of conduct has been acknowledged and signed. 12. Internal audit should work with the organization's ethics function or others to launch a code of ...
... officers. 11. Records should be established to confirm that the executive-level code of conduct has been acknowledged and signed. 12. Internal audit should work with the organization's ethics function or others to launch a code of ...
Page 28
... officer financial planning. For the internal audit professional, the most significant element here is that it is illegal for a registered public accounting firm to provide internal audit outsourcing services if it is also doing the ...
... officer financial planning. For the internal audit professional, the most significant element here is that it is illegal for a registered public accounting firm to provide internal audit outsourcing services if it is also doing the ...
Contents
1 | |
9 | |
CHAPTER 3 Heightened Responsibilities for Audit Committees | 59 |
CHAPTER 4 Launching an Ethics and Whistleblower Program | 71 |
Chapter 5 COSO Section 404 and Control SelfAssessments | 103 |
Chapter 6 IIA CobiT and Other Professional Internal Audit Standards | 165 |
Chapter 7 Disaster Recovery and Continuity Planning after 911 | 189 |
Chapter 8 Internal Audit Fraud Detection and Prevention | 213 |
Chapter 9 Enterprise Risk Management Privacy and Other Legislative Initiatives | 231 |
Chapter 10 Rules and Procedures for Internal Auditors Worldwide | 257 |
Chapter 11 Continuous Assurance Auditing Future Directions | 293 |
Chapter 12 Summary Internal Auditing Going Forward | 313 |
Glossary | 317 |
Index | 321 |
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Common terms and phrases
activities AICPA application appropriate areas assess audit committee audit report auditing standards backup Business Continuity Planning changes CobiT code of conduct compliance component control environment control objectives control review corporate governance COSO internal control data warehouse develop disaster recovery disclosure discussed in Chapter documentation effective employees Enron established evaluate example Exhibit files financial auditing financial reporting financial statements fraud GLBA guidelines HIPAA IIA Standards impact implement information systems internal audit function internal control ISACA issues ITIL major matter ment monitoring nal audit officers OLAP operations organization organization’s organizational overall PCAOB perform potential procedures professional public accounting firms quality auditors requirements responsibility risk management Sarbanes-Oxley Act Section 404 senior management SOA rules stakeholders tion transactions trols Turnbull Report understanding vendor violations whistleblower workpapers XBRL
Popular passages
Page 79 - I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to earth.
Page 37 - Act that— 1) the signing officer has reviewed the report; 2) based on the officer's knowledge, the report does not contain any untrue statement of a material fact or omit to state a material fact...
Page 102 - Internal control comprises the plan of organization and all of the co-ordinate methods and measures adopted within a business to safeguard its assets, check the accuracy and reliability of its accounting data, promote operational efficiency, and encourage adherence to prescribed managerial policies.
Page 278 - People at all levels are the essence of an organization and their full involvement enables their abilities to be used for the organization's benefit.
Page 123 - Internal control is a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: ( 1 ) effectiveness and efficiency of operations, (2) reliability of financial reporting, and (3) compliance with applicable laws and regulations.
Page 90 - USC 78o(d)), or any officer, employee, contractor, subcontractor, or agent of such company, may discharge, demote, suspend, threaten, harass, or in any other manner discriminate against an employee in the terms and conditions of employment because of any lawful act done by the employee...
Page 277 - Customer focus. Organizations depend on their customers and therefore should understand current and future customer needs, should meet customer requirements and strive to exceed customer expectations.