000			02745nam a2200277Ia 4500
001			1466
008			230305s2015 xx 000 0 und d
020			_a9781118996218
041			_aeng
245		0	_aInternal control audit and compliance
260			_a _bWiley, _c2015
300			_axv + 392 p. ; 26 cm
500			_adocumentation and testing under the new COSO framework
520			_a'Ease the transition to the new COSO framework with practical strategyInternal Control Audit and Compliance provides complete guidance toward the latest framework established by the Committee of Sponsoring Organizations (COSO). With clear explanations and expert advice on implementation, this helpful guide shows auditors and accounting managers how to document and test internal controls over financial reporting with detailed sections covering each element of the framework. Each section highlights the latest changes and new points of emphasis, with explicit definitions of internal controls and how they should be assessed and tested. Coverage includes easing the transition from older guidelines, with step-by-step instructions for implementing the new changes. The new framework identifies seventeen new principles, each of which are explained in detail to help readers understand the new and emerging best practices for efficiency and effectiveness.The revised COSO framework includes financial and non-financial reporting, as well as both internal and external reporting objectives. It is essential for auditors and controllers to understand the new framework and how to document and test under the new guidance. This book clarifies complex codification and provides an effective strategy for a more rapid transition. Understand the new COSO internal controls framework Document and test internal controls to strengthen business processes Learn how requirements differ for public and non-public companies Incorporate improved risk management into the new framework The new framework is COSO's first complete revision since the release of the initial framework in 1992. Companies have become accustomed to the old guidelines, and the necessary procedures have become routine - making the transition to align with the new framework akin to steering an ocean liner. Internal Control Audit and Compliance helps ease that transition, with clear explanation and practical implementation guidance'-- Provided by publisher.
590			_bIncludes bibliographical references and index.
630			_aHF COMMERCE _914
650			_aAuditing Internal _97712
650			_a _912
700			_aGraham, Lynford _eAuthor _97713
902			_a605
905			_am
912			_a2015-01-01
942			_a1
953			_d2016-02-03 18:39:49
999			_c1480 _d1480