Exception Management Explained: Mastering the ‘Last Mile’ of Compliance and Risk Monitoring resource Featured Articles Member contribution
Hours, days or weeks? Those are the options that confronted senior internal auditors, compliance executives and their operational colleagues as they evaluated how long it should take for business process owners to respond to potential internal controls violations.
AICPA, Audit and Attest Standards resource Guides Member contributionOCEG Reviewed
SSAEs as codified in the AICPA Professional Standards, with related interpretations.
The Audit and Attest Standards Team and Committees provide technical support for the Auditing Standards Board (ASB), the senior technical body of the AICPA designated to issue pronouncements on auditing and attestation matters, and the Accounting and Review Services Committee, (
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AICPA, Communicating Internal Control Related Matters Identified in an Audit, SAS 112 (2008) resource Guides Member contributionOCEG Reviewed
Has been superseded by SAS 115. See the Executive Summary here (codification is pending.) SAS 115 is effective for audits of financial statements for periods ending on or after December 15, 2009.
Source: SAS No. 112., July 16, 2008 (Supersedes SAS No. 60.)
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AICPA, Statement on Auditing Standards No. 115, Communicating Internal Control Related Matters Identified in an Audit, Executive Summary (2008) resource Guides OCEG Reviewed
The Auditing Standards Board has issued Statement on Auditing Standards (SAS) No. 115, Communicating Internal Control Related Matters Identified in an Audit. SAS No. 115 supersedes SAS No. 112 of the same title and was issued to eliminate differences within the AICPA’s Audit and Attest Standards resulting from the issuance of Statement on Standards for Attestation Engagements (SSAE) No. 15, An Examination of an Entity’s Internal Control Over Financial Reporting That Is Integrated With an Audit of Its Financial Statements. SSAE No.
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An opportunity for transformation: How internal audit helps contribute to shareholder value (2008) resource White Papers OCEG Reviewed
Rapidly accelerating pressures fuel the need for internal audit to transform its thinking from financial controls-centric to shareholder value-centricand to drive efficiency into traditional internal audit processes.
This PwC whitepaper examines key topics for internal audit transformation:
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- It’s time to question the internal audit status quo
- The shareholder value challenge
- How to unleash the power of internal audit
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
Articles Page, The Committee of Sponsoring Organizations (COSO) resource Articles Member contributionOCEG Reviewed
Links to articles on from various resources on the COSO Framework and Principles of Internal Control. Articles date back to 1997.
CIOC, Best Practices Guide for Coordinating the Preparation and Audit of Federal Financial Statements (2007) resource Agency Guidances OCEG Reviewed
This Guide’s objective is to continue to foster and refine constructive working relationships between agency CFO and Inspectors General (IG), in the financial statement preparation and audit processes.
Goals: Consistent with the purposes of the CFO Act and the Inspector General Act of 1978, the CFO and IG communities have shared goals for the: (1) Production of complete, reliable, timely, and consistent financial information and (2) Improvement of systems of accounting, financial management, and internal controls.
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COSO Internal Control Framework Resources resource Private Lists / Directories Member contributionOCEG Reviewed
A collection of articles, tools and resources related to COSO and the COSO model for internal controls, provided by KnowledgeLeader from Protiviti.
COSO, Enterprise Risk Management Integrated Framework: Executive Summary resource Guides Member contributionOCEG Reviewed
The Framework helps businesses and other entities assess and enhance their internal control systems and enterprise risk management efforts. This publication incorporates the earlier document “Internal Control – Integrated Framework.”
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