C-SOX: RRR Test procedures
Revenue recognition has been the area where the majority of accounting misreporting and restatements have occurred. Read more »
Tags: Revenue recognition
SOXThe Canadian Securities Administrators, in their proposed M 52-109 amendments, will require that companies adopt a structured internal control framework such as COSO. Read more » Tags: COSO, Internal Control Integrated FrameworkI have received numerous questions regarding test Entity Level Control testing procedures. I hope this blog is helpful to everyone. Tags: Entity Level Controls, testingCorporate Governance - Best PracticesFound in SOXCorporate Governance Policies are a component of Entity Level Controls (ELC’s). Corporate governance includes several basic policies that provide assurances to investors, employees and other stakeholders that the business is being managed with sufficient oversight. Tags: code of conduct, corporate governance, ELC’s, Entity Level ControlsC-SOX / Bill 198 - Update August 2008Found in SOXC-SOX / Bill 198 - Update August 2008 During recent years, organizations have dedicated significant resources to internal controls – primarily publicly traded companies, to ensure compliance with the various “SOX” regulations in Canada and USA. Read more » Tags: Bill 198, C-SOXDifferences: SOX and C-SOXFound in SOXThe Sarbanes Oxley Act of 2002 in the US (also known as “SOX”), has a comparable program in Canada, in Multi Lateral Instrument MI 52-109 (also known as Bill 198 and “C-SOX”). Quite often there are questions pertaining to the differences between the 2 regulations. Well, let’s cover some top shelf comparisons: Read more » Tags: MI 52-111, SOX 302, SOX 404 |
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