Premium Content

Access "Get ready for Sarbanes-Oxley"

Published: 17 Oct 2012

IT auditing basics While several published auditing frameworks exist, when it comes to Sarbanes-Oxley, the one to become familiar with is the "COSO Internal Control--Integrated Framework." The Committee of Sponsoring Organizations of the Treadway Commission (COSO) (www.coso.org), is a voluntary private organization focused on addressing fraudulent financial reporting. This framework has been endorsed by a number of auditing and accounting organizations. There are five key components to COSO: Control environment: the "the tone at the top" of the organization is demonstrated by corporate standards and objectives and a good understanding of roles and responsibilities. Risk assessment: identification and management of both internal and external risks. Control activities: the defined policies, procedures and practices that are in place to achieve business objectives and address risk. Information and communication: making sure that information required to perform control activities is appropriate, accurate, current and available. Monitoring: overseeing and ... Access >>>

Access TechTarget
Premium Content for Free.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

What's Inside

Features

More Premium Content Accessible For Free