Internal Control Strategies
A Mid to Small Business Guide
1. Auflage September 2008
320 Seiten, Hardcover
Wiley & Sons Ltd
Kurzbeschreibung
One of the foundations of a solid company is strong internal controls. This book provides practical ideas that compliance managers and controllers can implement into their programs to cut costs and reduce time with their internal controls program. In nontechnical language, it discusses PCAOB standards, SEC, and COSO guidance. It also provides the necessary tools for management's assessment of a company's internal controls, thus allowing management, not auditors, to drive their internal controls program. An excellent reference for compliance managers, controllers, business managers, and auditors, this text also represents an essential tool for smaller companies complying with SOx requirements.
Praise for Internal Control Strategies A Mid to Small Business Guide
"Internal Control Strategies is an excellent field guide for the implementation and maintenance of efficient and effective internal control systems. The book provides a practical approach to interpreting guidance from oversight agencies and integrating it with industry practice in a real-world environment. This handbook is an essential tool for managers and professionals going through the day-to-day struggle of managing auditor expectations and permitting business to proceed in the most efficient manner."
-Michael Rodriguez, former senior manager of finance, Qualcomm Incorporated
"Internal Control Strategies is the clearest path forward for middle-market SEC registrants and their independent registered public accounting firms as they streamline the SOX 404 compliance process in 2008 and beyond."
-Stephen G. Austin, MBA, CPA, Managing Firm Partner,Swenson Advisors, LLP, Regional PCAOB Accounting Firm
"Clearly written and practical, Internal Control Strategies is a must-read for every chief audit, finance, or compliance executive."
-Jeff Miller, Partner-in-Charge, Business Risk Services,Squar, Milner, Peterson, Miranda & Williamson, LLP
"As a CFO of small to mid-sized publicly traded and privately held companies, one is usually faced with the challenge of developing and implementing the right levels of internal controls and compliance within the restrictions of limited financial and human resources. Internal Control Strategies presents the relevant topics in a clear and concise manner, allowing the reader to understand the internal control framework and specific underlying requirements quickly. The author's vast experience with SOX compliance ensures a targeted and pragmatic approach for the successful implementation of internal controls. Her recommendations are 'to the point' and eliminate some of the guesswork we all have experienced while working towards SOX compliance."
-Robert S. Stefanovich, Chief Financial Officer, Novalar Pharmaceuticals, Inc.
The SEC requires all publicly traded companies to attest to theeffectiveness of their internal controls.
Is your business ready?
Internal Control Strategies: A Mid to Small Business Guide clearly explains the latest PCAOB, SEC, and COSO guidance, providing you with an effective tool and reference guide for successful implementation of sections 302 and 404 of the Sarbanes-Oxley Act.
Extremely knowledgeable and insightful, author Julie Harrer brings practical clarity to this complex topic, leading you step by step in addressing the challenges associated in bringing your business in compliance with SOX.
Chapter 1. SEC's Guidance on a Risk-Based Approach.
Chapter 2. Highlights of the PCAOB's May 2005 Policy Statement.
Chapter 3. Starting at the Top: Using Entity-level Controls to Create Efficiencies.
Chapter 4. Minimizing Excess through Proper Scoping and Planning Practices.
Chapter 5. Advantageous Project Management Techniques.
Chapter 6. Streamlining Documentation.
Chapter 7. Economical Testing Techniques.
Chapter 8. Methods for Remediation Madness.
Chapter 9. Taking the Mystery out of Evaluating Deficiencies.
Chapter 10. Common Areas of Concern and How to Address Them.
Chapter 11. Understanding The SEC's Guidance for Management.
Chapter 12. The PCAOB's Auditing Standard No. 5:
Appendix A. Simplified Sample Entity-Level Control Matrices.
Appendix B. COSO's Internal Controls Checklist for Entity-Level Controls.
Appendix C. Standardized Period-End Process Control Matrix.
Appendix D. PCAOB Staff Question and Answer Index.
Appendix E. SEC Office of the Chief Accountant Frequently Asked Questions Index.
Appendix F. Summary of Changes Made to Auditing Standard No. 2 and the Related New Guidance.
Index.