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Informationen zum Autor Michael J. Ramos, CPA, also author of Wiley GAAS, is a consultant who writes extensively on emerging auditing matters. He has written numerous successful pro-ducts, including non-authoritative practiceaids, implementation guides and authorita-tive AICPA audit and accounting guides. In addition to text-based products, he has also authored a variety of training programs, including computer-based multimedia training and audio and video scripts. Ramos has written in the areas of ethics, auditing, internal control, and fraud detection. Klappentext Fully revised and updatedA step-by-step approach for planning and performing an assessment of internal controlsThoroughly revised and updated, How to Comply with Sarbanes-Oxley Section 404, Third Edition brings practical clarity to a complex topic, providing a comprehensive, logically structured approach to effective testing and evaluation of internal controls within your company. Informative and clear, this refreshingly readable book demonstrates author Michael Ramos's deep understanding of the technical 404 requirements and contains the most pertinent updates and important SEC and PCAOB releases.The Third Edition helps CFOs, auditors, corporate managers, and consultants knowledgably interpret and conform to Sarbanes-Oxley Section 404 compliance and features:*Clear, jargon-free coverage of the Sarbanes-Oxley Act and how it affects you*Examples and action plans providing blueprints for implementing requirements of the Act*Easy-to-understand coverage of the requirements of SEC, PCAOB, and COSO guidance*Discussion of the requirements for assessing internal control effectiveness*A look at how the new guidance will reduce your costs*In-depth explanations to help professionals understand how best to approach the internal control engagement*Practice aids, including forms, checklists, illustrations, diagrams, and tablesThis area of auditing and corporate governance will continue to evolve and bring about business and cultural change. How to Comply with Sarbanes-Oxley Section 404, Third Edition is your must-have, must-own guide to SOX 404 implementation and an effective tool and reference guide for every corporate manager. Zusammenfassung Now fully revised and updated, the Third Edition of How to Comply with Sarbanes-Oxley Section 404: Assessing the Effectiveness of Internal Control is the perfect starting point for companies with no previous SOX experience. Inhaltsverzeichnis Preface. Acknowledgments. Chapter 1. The Evaluation Approach. Chapter Summary. Management's Evaluation of Internal Control. Overview of the Evaluation Process. Risk-Based Judgments. Why Understanding Risk is Important. A Risk-Based, Top-Down Evaluation Approach. Identification of Misstatement Risk. Assessment of Misstatement Risk. The Likelihood of Control Failure. A "Top-Down" Approach to Identifying Relevant Controls. The Independent Auditor's Reporting Responsibilities. Overall Objective of the Auditor's Engagement. Use of Work of Internal Auditors and Others. Working with the Independent Auditors. Chapter 2. Internal Control Criteria. Chapter Summary. The Need for Control Criteria. The COSO Internal Control Integrated Framework. Key Characteristics of the COSO Framework. By Way of Analogy. Five Components of Internal Control. The Control Environment. Risk Assessment. Control Activities. Information and Communication. Monitoring. Internal Control for Small Businesses. Controls Over Information Technology Systems. COSO Guidance. The COBIT Framework. Chapter 3. Project Scoping. Chapter Summary. Introduction. One Size Does Not Fit All. Entity-Level Controls. Applying t...
