Mon premier blog

Executive's Guide to COSO Internal Controls: Understanding and Implementing the New Framework Robert R. Moeller
Publisher: Wiley

The SEC posted a how-to guide for submitting a draft registration statement here, and posted a sample letter to issuers here, explaining how to transition existing draft registration statements to the new system. Feb 15, 2010 - The internal control framework, released in 1992 and updated in 1994, provided a common definition and understanding of internal control. Aug 15, 2013 - The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its much anticipated updated internal control-integrated framework, the framework for assessing internal controls over financial reporting. I wouldn't use it as a guide to establishing or perfecting governance processes. Jan 19, 2013 - The fraud was possible because, from the outset of the Class Period, CSC's internal controls over financial reporting were ineffective, a fact that Defendants knowingly or recklessly disregarded. Jan 18, 2014 - The regulations require that companies use a recognized internal controls framework for their assessment of internal control over financial reporting. Best framework but supplement it with additional materials such as the Chapter by John Shortreed on how to implement it- see book called Enterprise Risk Management-Today's Leading Research and Best Practices for Tomorrow's Executives. The two bodies responsible for setting rules and standards dealing with SOX, SEC and PCAOB, point to a well-established control framework for guidance – COSO. Sep 2, 2011 - Executives of the bank recently responded to the unusual request from the Federal Reserve with a list of options that includes the issuance of a separate class of shares tied to the performance of its Merrill Lynch securities unit, these people said. Oct 4, 2011 - Finding a suitable guide for IT compliance. An assessment of the effectiveness of the Company's internal control over financial reporting based on the framework established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).