Sarbanes-Oxley and the New Internal Auditing Rules

Informationen zum Autor ROBERT R. MOELLER is an internal audit specialist and project manager with a strong understanding of information systems, corporate governance, and security. A CPA, CISA, and a CISSP, Moeller has managed several information systems audit functions and served as audit director for Sears Roebuck. In the late 1990s, Moeller launched a business, Compliance and Control Systems, that delivered seminars throughout the United States on corporate governance, COSO, and the importance of Codes of Conduct well before Sarbanes-Oxley and today's interest in those areas. A frequently published author and professional speaker, Moeller provides insight into many of the new rules impacting internal auditors today as well as the challenges audit committees face when dealing with Sarbanes-Oxley, internal controls, and their internal auditors. Klappentext Sarbanes-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! Zusammenfassung Sarbanes-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. Inhaltsverzeichnis Preface xi Chapter 1 Introduction 1 Accounting and Auditing Scandals and Internal Audit 1 What are the New Rules? 3 Who will Find this Book Useful? 7 Chapter 2 Internal Audit and the Sarbanes-Oxley Act 9 "Where were the Auditors?" Standards Failure 10 Sarbanes-Oxley Overview: Key Internal Audit Concerns 12 Impact of the Sarbanes-Oxley Act on the Modern 57 Internal Auditor Chapter 3 Heightened Responsibilities for Audit Committees 59 Audit Committee Charters and Other Requirements 60 Board's "Financial Expert" and Internal Audit 64 Helping to Establish Documentation Procedures 67 Controlling Other Audit Services 69 Establishing Open Communications 70 Chapter 4 Launching an Ethics and Whistleblower Program 71 Launching an Organization Ethics Program 72 Establishing a Mission or Values Statement 79 Codes of Conduct 81 Whistleblower and Hotline Functions 89 Auditing the Organization's Ethics Functions 99 Chapter 5 COSO, Section 404, and Control Self-Assessments 103 SOA Section 404 104 COSO Internal Control Framework 123 Violation Penalties: Organizational Sentencing Guidelines 146 Control Self-Assessments 155 Chapter 6 IIA, CobiT, and Other Professional Internal Audit Standards 165 Institute of Internal Auditors Standards for Professional Practice 165 CobiT and Information Technology Governance 175 ASQ Audit Standards: A Different Approach 183 Chapter 7 Disaster Recovery and Continuity Planning after 9/11 189 Business Continuity Planning and the New Language of Recovery Planning 190 Continuity Planning and Service-Level Agreements 194 New Technologies: Critical Data Mirroring Techniques 195 Establishing Effective Contingency Policies: What are we Protecting? 197 Building the Disaster Planning Business Continuity Plan 198 Testing, Maintaining, and Auditing the Continuity Plan 206 Co...

List of contents

Preface.
 
Chapter 1. Introduction.
 
Accounting and Auditing Scandals and Internal Audit.
 
What Are the New Rules?
 
Who Will Find this Book Useful?
 
Chapter 2. Internal Audit and the Sarbanes-Oxley Act.
 
"Where Were the Auditors?" Standards Failure.
 
Sarbanes-Oxley Overview: Key Internal Audit Concerns.
 
Impact of the Sarbanes-Oxley Act on the Modern Internal Auditor.
 
Chapter 3. Heightened Responsibilities for Audit Committees.
 
Audit Committee Charters and Other Requirements.
 
Board's "Financial Expert" and Internal Audit.
 
Helping to Establish Documentation Procedures.
 
Controlling Other Audit Services.
 
Establishing Open Communications.
 
Chapter 4. Launching an Ethics and Whistleblower Program.
 
Launching an Organization Ethics Program.
 
Establishing a Mission or Values Statement.
 
Codes of Conduct.
 
Whistleblower and Hotline Functions.
 
Auditing the Organization's Ethics Functions.
 
Chapter 5. COSO, S ection 404, and Control Self-Assessments.
 
SOA Section 404.
 
COSO Internal Control Framework.
 
Violation Penalties: Organizational Sentencing Guidelines.
 
Control Self-Assessments.
 
Chapter 6. IIA, CobiT, and Other Professional Internal Audit Standards.
 
Institute of Internal Auditors Standards for Professional Practice.
 
CobiT and Information Technology Governance.
 
ASQ Audit Standards: A Different Approach.
 
Chapter 7. Disaster Recovery and Continuity Planning after 9/11.
 
Business Continuity Planning and the New Language of Recovery Planning.
 
Continuity Planning and Service-Level Agreements.
 
New Technologies: Critical Data Mirroring Techniques.
 
Establishing Effective Contingency Policies: What Are We Protecting?
 
Building the Disaster Planning Business Continuity Plan.
 
Testing, Maintaining, and Auditing the Continuity Plan.
 
Continuity Planning Going Forward.
 
Chapter 8. Internal Audit Fraud Detection and Prevention.
 
Red Flags: Fraud Detection for Auditors.
 
Public Accounting's New Role in Fraud Detection.
 
IIA Standards for Detecting and Investigating Fraud.
 
Fraud Investigations for Internal Auditors.
 
Information Systems Fraud Prevention Processes.
 
Chapter 9. Enterprise Risk Management, Privacy, and Other Legislative Initiatives.
 
Enterprise Risk Management.
 
Concurrent with SOA: Other Legislation Impacting Internal Auditors.
 
Chapter 10. Rules and Procedures for Internal Auditors Worldwide.
 
SOA International Requirements.
 
International Accounting and Auditing Standards.
 
COSO Worldwide: International Internal Control Frameworks.
 
ISO and the Standards Registration Process.
 
ITIL Service Support and Service Delivery Best Practices.
 
Chapter 11. Continuous Assurance Auditing Future Directions.
 
Implementing Continuous Assurance Auditing.
 
Internet-Based Extensible Mark-Up Languages: XBRL.
 
Data Warehouses, Data Mining, and OLAP.
 
Newer Technologies, the Continuous Close, and SOA.
 
Chapter 12. Summary: Internal Auditing Going Forward.
 
Future Prospects for Internal Auditors.
 
Glossary.
 
Index.

Product details

• Authors: Robert Moeller, Robert R Moeller, Robert R. Moeller, Rr Moeller, MOELLER ROBERT R, Moeller Robert R.
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 16.04.2004
• EAN: 9780471483069
• ISBN: 978-0-471-48306-9
• No. of pages: 336
• Subjects: Social sciences, law, business > Business > Business administration; Rechnungswesen, Revision, Accounting, Interne Revision, Sarbanes-Oxley Act, Auditing, Revision (Wirtsch.), Auditing / Internal