Internal Control Assess - firm can maximize possibility of accurate financial reporting and efficiency Assess - minimize the risk of fraud or theft.
COSO Framework A company should include IT in all five COSO components: –Control Environment –Risk Assessment –Control activities –Information and communication.
Kuali Financial Systems – Financial Administrator Development Series – October 2006 Risks, Controls, & Ethics INDIANA UNIVERSITY Financial Administrator.
5-1 CHAPTER 5 Accounting for and Presentation of Current Assets McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved.
Country risk. Scope of the firm in emerging markets Benefits of conglomeration Focus is the mantra in New York/London. Good advice in emerging markets?
Revise Lecture 1 1. Framework of Financial Reporting 1. The regulatory system 2. A conceptual framework 2.
Purpose Provide an Overview of the Evolution of the Enterprise Risk Management (ERM) Ecosystem at UC Riverside o from the early efforts of reacting & responding.
International Federation of Accountants Importance of Reliable Financial Reporting
Revise Lecture 2 1. Revise Lecture - 2 1.The regulatory system 2.2. A conceptual framework 2.
Conceptual Frame Worrk
Writing Skills for Acca Professional Papers Webinar Nov 2015
Purpose
