Sox Ais Assessment

An Evidential Reasoning Approach to Sarbanes-Oxley Mandated Internal attend danger Assessment Theodore J. Mock1, Lili Sun2, Rajendra P. Srivastava3, and Miklos Vasarhelyi4 1Anderson Graduate School of Management, University of California, Riverside, CA, 92521, USA 2Department of Accounting and data Systems, Rutgers University-Newark, NJ, 07102, USA 3School of Business, The University of Kansas, Lawrence, KS, 66045, USA 4Department of Accounting and Information Systems, Rutgers University-Newark, NJ, 07102, USA 1tmock@marshall.usc.edu, 2sunlili@rbsmail.rutgers.edu, 3rsrivastava@ku.edu, 4miklosv@andromeda.rutgers.edu rook In response to the enactment of the Sarbanes-Oxley Act 2002 and of the release of the in the public eye(predicate) smart set Accounting Oversight placard (PCAOB) PCAOB Auditing monetary standard none 5, this study overhauls a risk-based significant reasoning approach for assessing the durability of internal controls over monetary reporting (ICoFR). This approach provides a structured methodology for assessing the heraldic bearing of ICoFR by considering relevant factors and their interrelationships. The Dempster-Shafer supposition of belief functions is utilized for representing risk.

First, we develop a generic ICoFR opinion model based upon a Big 4 unfluctuatings approach and impose it to a real-world example. Then, based on this model, we develop a three-figure representation of various levels of ICoFR effectiveness and related risk-assessment as defined by PCAOBthe Public Company Accounting Oversight bill and contrast these represent ations with levels implied by Auditing rece! ived No. 5. In doing so, we try out the potential value of positive risk assessment models in both facilitating the assessment of risks in an individual engagement and in assessing the effects of differences in nether new regulation. Keywords: Sarbanes-Oxley (SOX), PCAOB Audit Standard No. 5, Internal Control over Financial report (ICoFR), Evidential Reasoning, Risk -Assessment, Theory...If you want to get a rich essay, order it on our website: OrderCustomPaper.com

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