Internal Controls: SEC Should Consider Requiring Companies to Disclose Wether They Obtained an Auditor Attestation (Paperback) (ISBN-13: 9781503184732)

Internal control generally serves as a first line of defense for public companies in safeguarding assets and preventing and detecting errors and fraud. Internal control is defined as a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of the following objectives: (1) effectiveness and efficiency of operations; (2) reliability of financial reporting; and (3) compliance with laws and regulations. Internal control over financial reporting is further defined in the SEC regulations implementing Section 404 of the Sarbanes-Oxley Act.

Author: Government Accountability Office
ISBN-10: 1503184730
ISBN-13: 9781503184732
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 12/31/2014
Pages: 76
Format: Paperback
Weight: 0.44lbs
Size: 11.02h x 8.50w x 0.16d