{"product_id":"internal-control-audit-and-compliance-documentation-and-testing-under-the-new-coso-framework-9781118996218","title":"Internal Control Audit and Compliance: Documentation and Testing Under the New Coso Framework","description":"\u003cb\u003eEase the transition to the new COSO framework with practical strategy\u003c\/b\u003e \u003cp\u003e\u003ci\u003eInternal Control Audit and Compliance\u003c\/i\u003e provides complete guidance toward the latest framework established by the Committee of Sponsoring Organizations (COSO). With clear explanations and expert advice on implementation, this helpful guide shows auditors and accounting managers how to document and test internal controls over financial reporting with detailed sections covering each element of the framework. Each section highlights the latest changes and new points of emphasis, with explicit definitions of internal controls and how they should be assessed and tested. Coverage includes easing the transition from older guidelines, with step-by-step instructions for implementing the new changes. The new framework identifies seventeen new principles, each of which are explained in detail to help readers understand the new and emerging best practices for efficiency and effectiveness.\u003c\/p\u003e \u003cp\u003eThe revised COSO framework includes financial and non-financial reporting, as well as both internal and external reporting objectives. It is essential for auditors and controllers to understand the new framework and how to document and test under the new guidance. This book clarifies complex codification and provides an effective strategy for a more rapid transition.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand the new COSO internal controls framework\u003c\/li\u003e \u003cli\u003eDocument and test internal controls to strengthen business processes\u003c\/li\u003e \u003cli\u003eLearn how requirements differ for public and non-public companies\u003c\/li\u003e \u003cli\u003eIncorporate improved risk management into the new framework\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe new framework is COSO's first complete revision since the release of the initial framework in 1992. Companies have become accustomed to the old guidelines, and the necessary procedures have become routine - making the transition to align with the new framework akin to steering an ocean liner. \u003ci\u003eInternal Control Audit and Compliance\u003c\/i\u003e helps ease that transition, with clear explanation and practical implementation guidance.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eLYNFORD GRAHAM, CPA, \u003c\/b\u003e has more than 30 years of public accounting experience in audit practice and in various national firm policy development groups. He is a visiting professor of accountancy and executive-in-residence at Bentley University, Waltham, MA. He currently maintains an active consultancy practice in statistical audit sampling, litigation support, and audit methodologies, and develops numerous training seminars for conferences and firms.\u003cbr\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":50848664322322,"sku":"9781118996218","price":101.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_6e08bab8-ea3d-4e62-aea7-1a1011be20ff.jpg?v=1737379899","url":"https:\/\/surprise-castle.myshopify.com\/products\/internal-control-audit-and-compliance-documentation-and-testing-under-the-new-coso-framework-9781118996218","provider":"Surprise Castle","version":"1.0","type":"link"}