Internal Controls

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IFAC, Global Survey on Risk Management and Internal Control (PAIB Committee, 2011) resource Research / Studies OCEG Reviewed

The PAIB Committee's survey on risk management and internal control received over 600 responses from around the globe. This information paper provides an analysis of the survey results and summarizes respondents' recommendations for the next steps in this area.

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NCUA, Corporate Credit Unions (2011, Final Rule) resource National Regulations OCEG Reviewed

Summary: NCUA is issuing final amendments to its rule governing corporate credit unions (corporates). The amendments include internal control and reporting requirements for corporates similar to those required for banks under the Federal Deposit Insurance Act and the Sarbanes-Oxley Act.

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Data Analytics Survey (2011) resource White Papers OCEG Reviewed

Free registration required.

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Treasury Board of Canada Secretariat Internal Audit Web Site resource Agency Web Sites OCEG Reviewed

Internal audit is a professional appraisal function that operates independently of line management, providing an objective assessment of practices and activities and contributing to accountability and transparency. Internal audit provides deputy heads with assurance as to the design and operation of the governance, risk management, and control processes in their organizations.

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COSO, Guidance Documents resource Organizations & Associations OCEG Reviewed

COSO (Commitee on Sponsoring Organizations) guidance documents posted on the following topics: Enterprise Risk Management, Internal Controls and Fraud Deterrence.

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Model Audit Rule Implementation Guide (NAIC/AICPA, 2010) resource Books / Publications OCEG Reviewed

The NAIC/AICPA Working Group Executive Committee/Plenary has adopted as final the revisions to the Annual Financial Reporting Model Regulation (the Model Audit Rule). The proposed revisions relate to auditor independence, corporate governance, and internal control over financial reporting.

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Japan, Financial Instruments and Exchange Act, FSA Web Site (English Version) resource Agency Web Sites OCEG Reviewed

Texts, documents and amendments pertaining to Japan's Financial Instruments and Exchange Act, posted at the Financial Services Agency web site.

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Japan, Outline of Proposal of Disclosure Items concerning Corporate Governance (2010) resource National Regulations OCEG Reviewed

The Financial Services Agency is proposing amendments to disclose the following items concerning corporate governance of a company in its securities report. The new rules will be effective on March 31, 2010.

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OMB Circular A-133 Compliance Supplement March 2009 resource Agency Guidances OCEG Reviewed

Audits of States, Local Governments, and Non-Profit Organizations

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ARRA and Single Audits: Addressing the Risks and Challenges (2010) resource Articles OCEG Reviewed

This articles discusses the process of an OMB A-133 audit and developing an audit strategy.

CPA Journal, May 2010

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