For those of you who received roughly 30 article posts, all linking back to the same article from 2010, we do apologize!
COSO is coming out with a revision to the famous 'COSO Cube' and they have submitted a draft for public comment. The COSO Cube provides the basis for all internal control infrastructures, including Sarbanes-Oxley implementations, and it gives guidance on how to structure and audit control procedures. PwC participate in the update and they have provided a nice synopsis below of the pending change:
0 Comments Click here to read/write comments
Tags: Internal Controls, SOX, 404 audit, audit scope, COSO, Internal Control Education
We wanted to pose a question to our readers - aside from the perceived investor value added by selecting a Big 4 audit firm (PwC, KPMG, E&Y, or Deloitte), what other value does selecting these large audit firms add over a smaller firm?
0 Comments Click here to read/write comments
Tags: Internal Controls, Sarbanes-Oxley Articles & Information, PCAOB News & Information, audit, audit costs
We are occasionally asked what impact, if any, the FCPA has on internal controls other than asking the obvious question, “Have you seen any violations of the FCPA?” Many people might not be aware that the FCPA calls out specific internal control responsibilities as part of their Books and Records and Internal Control provisions, which require:
0 Comments Click here to read/write comments
Tags: FCPA, internal control
