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Internal Controls : SEC Should Consider Requiring Companies to Disclose Wether They Obtained an Auditor Attestation
Overview
Internal control generally serves as a first line of defense for public companies in safeguarding assets and preventing and detecting errors and fraud. Internal control is defined as a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of the following objectives: (1) effectiveness and efficiency of operations; (2) reliability of financial reporting; and (3) compliance with laws and regulations. Internal control over financial reporting is further defined in the SEC regulations implementing Section 404 of the Sarbanes-Oxley Act.
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Details
- ISBN-13: 9781503184732
- ISBN-10: 1503184730
- Publisher: Createspace Independent Publishing Platform
- Publish Date: December 2014
- Dimensions: 11.02 x 8.5 x 0.16 inches
- Shipping Weight: 0.44 pounds
- Page Count: 76
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