week 4
The Sarbanes-Oxley Act of 2002 (also called Sar-Ox or SOX) assigns responsibility to senior management of public and nonpublic organizations in the United States
[1]. It also is applied in various forms by other countries throughout the world. Of particular concern is Section 404 of the act, titled Management Assessment of Internal Controls [2]. Typical examples of the difficulties that face senior management to ensure they support SOX are issues related to internal control over financial reporting of public companies and issues related to judgments and estimates that may change over time. These are discussed in [3]. The required internal controls vary from enterprise to enterprise. They need to be tailored to the industry or industries in which the organization operates, and are typically unique for each enterprise—where internal controls are determined by its business activities and processes as well as its financial controls. They are closely
related to the IT systems and databases that the enterprise uses for financial and other reporting.
this would be studied from page number 73 to 87 of book...
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BSIT 6th Regular |
BSIT 6th Self Support |
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Monday(3-02-2020) 9:30-11:00am |
Monday(3-02-2020) 8:00-9.30am |
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Tuesday(4-02-2020) 8:00-9:30am |
Tuesday(4-02-2020) 9:30-11:00am |
