What are the key internal and external factors that need to be considered when designing a control system for organizations and how have control systems been changed by Sarbanes-Oxley requirements?© BrainMass Inc. brainmass.com October 16, 2018, 5:51 pm ad1c9bdddf
This solution discusses the key internal and external factors that need to be considered when designing a control system for organizations, as well as how control systems have been changed by Sarbanes-Oxley requirements. Supplemented with articles describing internal control requirements.
Requirement of Sarbanes-Oxley to Principles of COSO Framework
Complying with sections of the Sarbanes-Oxley Act that require internal reporting of data often requires implementing additional resources. Companies generally adopt methods such as the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework to aid in fulfilling compliance requirements.
Please help me respond to the following question: How do the requirements of the Sarbanes-Oxley Act support or contradict the principles of the COSO Framework?View Full Posting Details