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Internal Control Audit and Compliance : Documentation and Testing Under the New COSO Framework

By: Graham, Lynford.
Material type: TextTextSeries: eBooks on Demand.Wiley Corporate F&A: Publisher: Somerset : Wiley, 2015Description: 1 online resource (413 p.).ISBN: 9781118996478.Subject(s): Auditing, InternalGenre/Form: Electronic books.Additional physical formats: Print version:: Internal Control Audit and Compliance : Documentation and Testing Under the New COSO FrameworkDDC classification: 657/.458 Online resources: Click here to view this ebook.
Contents:
Cover ; Title Page ; Copyright ; Contents ; Preface ; Acknowledgments ; Chapter 1 What We All Share ; Need for Control Criteria ; Overview of the COSO Internal Control Integrated Framework ; Holistic, Integrated View ; Revised COSO Internal Controls Framework ; What We Must Do
Basic Scoping and Strategies for Maintenance Where We Depart ; Triangle of Efficiency ; Controls versus Processes ; The Debate Continues ; Organization of This Book ; Appendix 1A: COSO 17 Principles; Chapter 2 Setting the Scope of Your Documentation Project: Identifying the Core
Start with Business Objectives After the Initial Year ; Mapping the Entity to the Financial Statements: Ins and Outs ; Consider Risks, Not Just Quantitative Measures ; Inherent and Control Risk ; Overstatement and Understatement ; Does ""In Scope'' Imply Extensive Testing?; A Consolation
Be Careful Out There! Appendix 2A: Summary of Scoping Inquiries; Chapter 3 The Risk Assessment Component ; Risk Assessment Principles in COSO ; Cost Control ; Basics ; Likelihood, Magnitude, Velocity, and Persistence ; Separate Assessments of Inherent and Control Risks ; Role of Assertions ; Assertions
Principles 6 and 7: Specify Suitable Objectives Identify and Analyze Risk ; Identifying Risks ; External Sources of Risk Information ; Internal and External Reporting Risks ; Compliance Risks ; Disclosed Material Weaknesses in Risk Assessment ; Principle 8: Assess Fraud Risk
Auditor Responsibility to Detect Fraud
Summary: <b>Ease the transition to the new COSO framework with practical strategy</b> <i>Internal Control Audit and Compliance</i> 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 interna
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Item type Current location Call number URL Status Date due Barcode
Electronic Book UT Tyler Online
Online
HF5668.25 .G7237 2015 (Browse shelf) http://uttyler.eblib.com/patron/FullRecord.aspx?p=1895885 Available EBL1895885

Cover ; Title Page ; Copyright ; Contents ; Preface ; Acknowledgments ; Chapter 1 What We All Share ; Need for Control Criteria ; Overview of the COSO Internal Control Integrated Framework ; Holistic, Integrated View ; Revised COSO Internal Controls Framework ; What We Must Do

Basic Scoping and Strategies for Maintenance Where We Depart ; Triangle of Efficiency ; Controls versus Processes ; The Debate Continues ; Organization of This Book ; Appendix 1A: COSO 17 Principles; Chapter 2 Setting the Scope of Your Documentation Project: Identifying the Core

Start with Business Objectives After the Initial Year ; Mapping the Entity to the Financial Statements: Ins and Outs ; Consider Risks, Not Just Quantitative Measures ; Inherent and Control Risk ; Overstatement and Understatement ; Does ""In Scope'' Imply Extensive Testing?; A Consolation

Be Careful Out There! Appendix 2A: Summary of Scoping Inquiries; Chapter 3 The Risk Assessment Component ; Risk Assessment Principles in COSO ; Cost Control ; Basics ; Likelihood, Magnitude, Velocity, and Persistence ; Separate Assessments of Inherent and Control Risks ; Role of Assertions ; Assertions

Principles 6 and 7: Specify Suitable Objectives Identify and Analyze Risk ; Identifying Risks ; External Sources of Risk Information ; Internal and External Reporting Risks ; Compliance Risks ; Disclosed Material Weaknesses in Risk Assessment ; Principle 8: Assess Fraud Risk

Auditor Responsibility to Detect Fraud

<b>Ease the transition to the new COSO framework with practical strategy</b> <i>Internal Control Audit and Compliance</i> 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 interna

Description based upon print version of record.

Author notes provided by Syndetics

<p> LYNFORD GRAHAM, CPA, has more than 30 years of public accounting experience in audit practice and in various national firm policy development groups. He is a visiting professor of accountancy and executive-in-residence at Bentley University, Waltham, MA. He currently maintains an active consultancy practice in statistical audit sampling, litigation support, and audit methodologies, and develops numerous training seminars for conferences and firms.</p>

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