TAILIEUCHUNG - Internal Control over Financial Reporting – Guidance for Smaller Public Companies

An organization needs internal controls to provide greater assurance that they will achieve their operating, financial reporting, and compliance objectives; in other words to help the organization succeed in its mission. Internal control helps ensure that the directions, policies, procedures, and practices designed and approved by management and the board are put in place and are functioning as desired. The more elaborate the organization, the more the need for internal control to counteract any loss of effectiveness sustained when adding more people and processes to transact business | Internal Control over Financial Reporting -Guidance for Smaller Public Companies Frequently Asked Questions Internal Control over Financial Reporting -Guidance for Smaller Public Companies Frequently Asked Questions June 2006 1. Need for Internal Controls Why does an organization need internal controls Answer An organization needs internal controls to provide greater assurance that they will achieve their operating financial reporting and compliance objectives in other words to help the organization succeed in its mission. Internal control helps ensure that the directions policies procedures and practices designed and approved by management and the board are put in place and are functioning as desired. The more elaborate the organization the more the need for internal control to counteract any loss of effectiveness sustained when adding more people and processes to transact business. 2. Nature of Guidance How does the COSO small business guidance help small businesses implement an effective system of internal control within their unique environment Answer The COSO small business document provides principles and attributes aligned with COSO s 1992 internal controls framework that allows organizations of all sizes to understand the necessary elements to ensure a robust system of internal control reflecting size structure and degree of complexity. The document further provides examples of how small businesses have actually implemented the principles and related attributes identified in the document. Internal Control over Financial Reporting - Guidance for Smaller Public Companies .

• Kế toán - Kiểm toán
• IT Auditing
• separate discipline
• Process Environment
• paperless trails
• IT governance
• programmed control
• Auditing services
• Assurance services
• Financial statement auditing
• Auditing business processes
• Auditing internal control
• Auditing the purchasing process
• Auditing the financing
• Internal auditing services
• Auditing demands logic
• Financial statement auditing environment
• Auditing environment
• Protect information systems
• Auditing Techniques
• Audit process
• Auditing entity level controls
• Auditing data centers
• Auditing Routers
• Auditing Windows Operating Systems
• Auditing databases
• Auditing storage
• Auditing WLAN
• Auditing Cloud Computing