Book description
Essential guidance on the revised COSO internal controls framework
Need the latest on the new, revised COSO internal controls framework? Executive's Guide to COSO Internal Controls provides a step-by-step plan for installing and implementing effective internal controls with an emphasis on building improved IT as well as other internal controls and integrating better risk management processes. The COSO internal controls framework forms the basis for establishing Sarbanes-Oxley compliance and internal controls specialist Robert Moeller looks at topics including the importance of effective systems on internal controls in today's enterprises, the new COSO framework for effective enterprise internal controls, and what has changed since the 1990s internal controls framework.
Written by Robert Moeller, an authority in internal controls and IT governance
Practical, no-nonsense coverage of all three dimensions of the new COSO framework
Helps you change systems and processes when implementing the new COSO internal controls framework
Includes information on how ISO internal control and risk management standards as well as COBIT can be used with COSO internal controls
Other titles by Robert Moeller: IT Audit, Control, and Security, Executives Guide to IT Governance
Under the Sarbanes-Oxley Act, every corporation has to assert that their internal controls are adequate and public accounting firms certifying those internal controls are attesting to the adequacy of those same internal controls, based on the COSO internal controls framework. Executive's Guide to COSO Internal Controls thoroughly considers improved risk management processes as part of the new COSO framework; the importance of IT systems and processes; and risk management techniques.
Table of contents
- Cover
- Series
- Title Page
- Copyright
- Preface
- Chapter 1: Importance of the COSO Internal Control Framework
-
Chapter 2: How We Got Here: Internal Control Background
- EARLY DEFINITIONS OF INTERNAL CONTROLS: FOREIGN CORRUPT PRACTICES ACT OF 1977
- THE FCPA AND INTERNAL CONTROLS TODAY
- EVENTS LEADING UP TO THE TREADWAY COMMISSION
- EARLIER AICPA AUDITING STANDARDS: SAS NOS. 55 AND 78
- THE TREADWAY COMMITTEE REPORT
- THE ORIGINAL COSO INTERNAL CONTROL FRAMEWORK
- THE SARBANES-OXLEY ACT AND INTERNAL ACCOUNTING CONTROLS
- NOTES
- Chapter 3: COSO Internal Controls: The New Revised Framework
-
Chapter 4: COSO Internal Control Components: Control Environment
- IMPORTANCE OF THE CONTROL ENVIRONMENT
- CONTROL ENVIRONMENT PRINCIPLE 1: INTEGRITY AND ETHICAL VALUES
- CONTROL ENVIRONMENT PRINCIPLE 2: ROLE OF THE BOARD OF DIRECTORS
- CONTROL ENVIRONMENT PRINCIPLE 3: THE NEED FOR AUTHORITY AND RESPONSIBILITY
- CONTROL ENVIRONMENT PRINCIPLE 4: HUMAN RESOURCE STRENGTHS
- CONTROL ENVIRONMENT PRINCIPLE 5: INDIVIDUAL INTERNAL CONTROL RESPONSIBILITIES
- COSO CONTROL ENVIRONMENT IN PERSPECTIVE
- Chapter 5: COSO Internal Control Components: Risk Assessment
- Chapter 6: COSO Internal Control Components: Control Activities
-
Chapter 7: COSO Internal Control Components: Information and Communication
- INFORMATION AND COMMUNICATIONS: WHAT HAS CHANGED?
- INFORMATION AND COMMUNICATION PRINCIPLE 1: USE OF RELEVANT INFORMATION
- INFORMATION AND COMMUNICATION PRINCIPLE 2: INTERNAL COMMUNICATIONS
- INFORMATION AND COMMUNICATION PRINCIPLE 3: EXTERNAL COMMUNICATIONS
- THE IMPORTANCE OF COSO INFORMATION AND COMMUNICATION
- NOTES
- Chapter 8: COSO Internal Control Components: Monitoring Activities
- Chapter 9: COSO Internal Control GRC Operations Controls
- Chapter 10: COSO Reporting Processes
- Chapter 11: COSO Legal, Regulatory, and Compliance Objectives
- Chapter 12: Internal Control Entity and Organizational GRC Relationships
- Chapter 13: COSO, Service Management, and Effective IT Controls
- Chapter 14: Cloud Computing, Virtualization, and Wireless Networks
- Chapter 15: Another Framework: COSO ERM
- Chapter 16: Understanding and Using COBIT
- Chapter 17: ISO Internal Control and Risk Management Standards
- Chapter 18: COSO Internal Controls in the Board Room
- Chapter 19: Service Organization Control Reports and COSO Internal Controls
- Chapter 20: Implementing the Revised COSO Internal Control Framework
- Index
Product information
- Title: Executive's Guide to COSO Internal Controls: Understanding and Implementing the New Framework
- Author(s):
- Release date: December 2013
- Publisher(s): Wiley
- ISBN: 9781118626412
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