PDF-Service Organizations: Reporting on Controls at a Service Organization Relevant to User

The Benefits of Reading Books. Chapter 16. 16-. 1. Learning Objectives. Describe the information processing operations required to update the general ledger and to produce reports for internal and external users.. Identify the major threats in general ledger and reporting activities and evaluate the adequacy of various control procedures for dealing with them.. CA ANAND PRAKASH JANGID. Agenda. Check in. Financial Reporting & Regulation. Understanding Internal Control. IS Controls & Internal controls. Summary. 3. What is common among them????. Financial Reporting & Regulation. Internal Controls Over Financial Reporting (ICOFR). Management’s Assertions. Central PA Chapter of the AGA . February 9, 2011 . PUBLIC SECTOR. 2. Contents. Background. Federal Managers’ Financial Integrity Act (FMFIA) of 1982. Risk Assessment. Presented By: . Donna Denker, CPA. Donna Denker & Associates. Definition of Fraud. Per SAS 99 – (2002) – “An intentional act that results in material misstatement to the financial statements that are subject to an audit.”. MUHAS, Dartmouth, UCSF. Basics of Internal Controls. Tuesday October 21, 2014. Agenda. Internal Controls and the new Uniform Guidance. Risk Assessment. Delegations of Authority. Organization Models and Accountability. Shared Assessment Member Forum Presentation. April 10, 2012. Introduction. Mark Cornish. Mark is a Director in PwC’s Financial Services Assurance practice in Boston with over 13 years of domestic and international public accounting and professional services experience, primarily focusing on financial services, specifically the asset management and insurance industries. Mark possesses an extensive knowledge of financial services systems, processes and controls, and continues to assist clients with risk management, compliance and internal controls work. Mark has extensive experience developing, performing and reporting on service organization controls. Mark has served as the service organization controls reporting director for several global organizations and has covered areas such as fund accounting, custody, securities lending and application service providers, for example.. Chapter 16. 16-. 1. Learning Objectives. Describe the information processing operations required to update the general ledger and to produce reports for internal and external users.. Identify the major threats in general ledger and reporting activities and evaluate the adequacy of various control procedures for dealing with them.. Chapter 5. Learning Objectives. After studying this chapter, you should be able to:. Describe the Sarbanes-Oxley Act and its impact on internal controls and financial reporting. Describe and illustrate the objectives and elements of internal control. Table of Contents . COSO & Project Overview. Internal Control-Integrated Framework. Illustrative. . Documents. Illustrative Tools for Assessing Effectiveness of a System of Internal Control. Internal Control over External Financial Reporting: A Compendium of Approaches and examples. for Small- and Medium-Sized Entities. FRF for SMEs™ Accounting Framework . Name of presenter. Audience. Date. America’s Main Street businesses. Small- and medium-sized entities . pervade the business world . . Presented By: Donna Collins. Milestone professional services. Developing Good Internal Control. Developing Good Internal Control. Objectives of this Session:. Discuss a possible framework for developing excellent internal control. UNDERSTANDING AND IMPLEMENTATION STEPS. Presentation on Internal Financial Control (IFC). UNDERSTANDING OF INTERNAL FINANCIAL CONTROL. “Internal Financial Controls . over financial reporting” . mean…. Table of Contents . COSO & Project Overview. Internal Control-Integrated Framework. Illustrative. . Documents. Illustrative Tools for Assessing Effectiveness of a System of Internal Control. Internal Control over External Financial Reporting: A Compendium of Approaches and examples. A Suggested Approach for Companies. Overview. This presentation describes:. Financial statement risks. Reasons for identifying risks. Examples and sources of risks. Internal control components, control objectives, and key controls.