Suchergebnisse

• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Doing More with Less

  Neil Baker

  …representing the main area receiving extra attention. Half of the re- spondents feel that budget cuts across their organisation would damage its control… …control coverage, but the majority (58 %) have no plans to do any work on this risk. Jim LaTorre is managing partner of PricewaterhouseCoopers’ U.S… …runaway costs that cannot be con- trolled. I’ve been to meetings and heard people say we couldn’t control medical Doing More with Less 103 costs… …lessons did he learn? “First of all, don’t panic,” he says. “As auditors, we control our own destinies. We can decide what is going to be audited, when it… …control.” An Audit Makeover In this tough economic climate, internal auditors should think about giving their function a quick four-step makeover…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Zentrale Tätigkeitsbereiche der Internen Revision

  Interne Revision (IR) als Element der Corporate Governance

  Hubertus Buderath

  …Committee on the Financial Aspects5) of Corporate Governance (Cadbury Report) – UK. 1994 E COSO6): Internal Control – Integrated Framework – USA. 1997 E… …the UK Cadbury Committee, published 1992. 6) Committee of Sponsoring Organizations of the Treadway Commission (Hrsg.): In- ternal Control – Integrated… …(Hrsg.): In- ternal Control – Integrated Framework, New York 1994 (COSO-Report). 15) Vgl. Westhausen, Hans-Ulrich: Das COSO-Modell, bisher nur eine… …Treadway Commission (Hrsg.): In- ternal Control – Integrated Framework, New York 1992. 22) Vgl. Westhausen, Hans-Ulrich: Das COSO-Modell, bisher nur eine… …Effektivität der IKS zu beurteilen und sicherzustellen25). Bestimmte Komponenten, wie z. B. die Komponente „Control Environment“, sind von grundsätzlicher Be-… …„Evaluation Tools“ des COSO-Internal Control Integrated Framework26). Hierbei werden ausgehend von den einzelnen Kontrollelementen und Kon- trollzielen die… …Considerations Regarding Internal Auditing Expressions on Opinion on Internal Control. In: IIA Guidance. Altamonte Springs, USA 2004. Die Rolle der Internen… …„Management’s Report on Internal Control over Financial Reporting“ fordert, daß der Abschlußbericht einen spezifischen Bericht des Managements über das Interne… …. 2 – An Audit of Internal Control Over Financial Reporting Performed in Conjunc- tion with An Audit of Financial Statements. New York und Washington… …Erstellung des Berichts über die Ergebnisse der Effektivitätsprüfung (In- ternal Control Report), der letztendlich durch den Vorstandsvorsitzenden und den…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Introduction

  Thomas Henschel

  …the German Control and Transparency Act (KonTraG, 1998) which 1.1 Background: Risk Management in Germany 3 came into effect on the 1 May 1998. The… …caused by a lack of risk aware- ness and insufficient control and information mechanisms (see Hornung et al., 1999, p. 317). To safeguard the shareholders’… …internal control system, so that developments which put at risk the continuing existence of the company can be identified at an early date.” (§ 91 para. 2… …adequate control system has been established, the board of directors may therefore be made personally liable through having violated their responsibil- ity… …form and whether the control system to be set up as described by the act is capable of fulfilling the tasks required of it.” It is noticeable that in… …already entered into and measure, control and adjust them if it wants to ensure its long-term existence (see Hahn, 1987, p. 139). As shown by Figure 1.1… …the entrepreneurial development. The aim of risk management is therefore to control and manage the exist- ing and future risks of a company so that… …management and control of risks – continued reporting on the development of risks. Risk Pure / Insurable Risk (Danger of Threats) Speculative Risk Risk in… …to be responsible for risk identification, evaluation and control. According to Oehler and Unser (2001) the following four strategies are available as… …the other hand, opportunities for con- trol. A company culture should be established which is marked by trust but which also allows control mechanisms…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Handbuch Compliance-Management

  EU and U.S. Sanctions Compliance

  John E. Smith, Felix Helmstädter, Alexander Eisenfeld, Nicholas W. Kennedy

  …817Smith/Helmstädter/Eisenfeld/Kennedy * John E. Smith, former Director of the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC)… …international law firmwhere he heads the EU national security practice with a focus on EU sanctions, export control and foreign investment control. *** Alexander… …third-country entity they own or control does not participate in activities that undermine EU trade sanctions – e.g., by allowing a recipient in Russia or Belarus… …benefit of such persons and (ii) an obligation to treat all funds and economic resources “belonging to, owned, held, or control- led” by such persons as… …respective entity.15 In relation to the concept of “control” (i.e., the ability to assert, and effective assertion of, decisive influence over the conduct of… …sanctions authorities, generally lead to an assumption of control by an EU Sanctioned Party, unless the contrary can be established on a case- by-case… …basis.17 Certain details regarding the ownership and control concept are still subject to considerable uncertainty, such as its application to the freezing… …a Union regime for the control of exports, brokering, technical assistance, transit and transfer of dual-use items (recast). 24 See, e.g., Art. 3 and… …Economic Affairs and Export Control (BAFA), the customs offices, the German Federal Bank (Bundesbank), the public prosecutor's offices as well as other local… …tions); 31 C.F.R. §515.329 (Cuban Assets Control Regulations); 31 C.F.R. §§510.214 and 510.327 (North Korea Sanctions Regulations). setzung), which was…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Corporate Governance und Interne Revision

  Internationale Institutionen der Internen Revision

  Dr. Ulrich Hahn

  …. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 951 3.1 IFAC – International Federation of Accountants . . . . . . . . . . . . . . . . 951 3.2 ISACA – Information Systems Audit and Control… …Finanzdienstleistern (Certified Financal Services Auditor) und für die Beurteilung von Kontrollsystemen (Certificate in Control Self Assessment), kamen ab Ende der… …Kooperationsvereinbarung formalisiert. 3.2 ISACA – Information Systems Audit and Control Association Im Jahr 1967 entstand ISACA. Die Gründungsmitglieder suchten eine… …ISACA-Berufsstandards, die „IS Standards, Guidelines and Procedures for Auditing and Control Professionals“3. Ihre Bedeutung ergibt sich aus der im Regelfall engen… …Institute of Internal Auditors: www.theiia.org, 2. ISACA – Information Systems Audit and Control Association: www.isaca.org, 3. IFAC – International… …Professional Practices Framework, January 2005, Altamonte Springs/Flo- rida 2005. ITGI (Hrsg.): CobiT 4.1. Framework, Control Objectives, Management Guidelines… …: IS Standards, Guidelines and Procedures for Auditing and Control Profes- sionals, Fassung vom 1. Februar 2007, Rolling Meadows/Illinois 2007. OECD…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Accounting Fraud

  The Warning Signs of Fraud

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Analysis: Lessons Learned 270 – Operating without budgetary control; budgets not reviewed or senselessly justified – Difficulty in determining the… …dictate conditions to suppliers or customers that may result in inappropriate or non-arm’s-length transactions (3.) Control structure… …(monitoring of management, internal control components) – Ineffective board of directors or audit committee oversight over the financial reporting process… …; poor data processing controls – Significant accounting system changes, particularly the implementation of new, complex systems, or where control… …transactions – Inadequate physical safeguards over cash, inventory, or fixed assets – Lack of mandatory vacations for employees performing key control… …. Public Companies, www.corpgovcenter.org, 1999 Biegelman, Martin T. / Bartow, Joel T.: Executive Roadmap to Fraud Prevention and Internal Control… …, www.papers.ssrn.com, April 2010 Lundelius, Charles R. Jr.: Financial Reporting Fraud – A Practical Guide to Detection and Internal Control, New York 2003, pp. 9–12…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 34: Royal Ahold (The Netherlands, 2003)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …permitted a parent company to fully consolidate the financial data of a joint venture company only if the parent could exercise effective control over that… …firm’s operations. However, Ahold owned no more than 50% of the voting shares and there were agreements that clearly provided for joint control by Ahold… …, which stated, in effect, that Ahold controlled the joint ventures (“the control letters”). But soon thereafter, Ahold and its joint venture partners… …executed side letters that re- scinded the control letters, and thus the basis for full consolidation (“the rescinding Accounting Fraud in European… …Companies 203 letters”). CFO Michiel Meurs, who signed both the control and the rescinding let- ters on behalf of Ahold, knew that the auditors were… …relying on the control letters and were unaware of the existence of the rescinding letters. CEO Cees van der Hoeven was at least reckless in not knowing… …to make up numbers. It usually starts small, here and there, and then it just snowballs out of control.” References: European Corporate…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 40: Kanebo (Japan, 2005)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …to ensure audit quality control was deemed insufficient by the agency. The penalty was the FSA’s first against one of Japan’s “Big Four” audit firms… …the taint – changed its name to “Misuzu Audit Corporation” and under- went a review to strengthen its quality control functions. But already in February… …a majority of Kanebo’s stock and took over control of the company. The former Kanebo president, Takashi Hoashi, and his deputies won leniency…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Integriertes Revisionsmanagement

  Anforderungen an die Interne Revision

  Marcus Bauer

  …Maßnahmen, durch die die Zielerreichung soweit wie möglich gewährleistet wer- den.54 Demnach umfassen die Kontrollen im Sinne von Control Activities die ge-…
• eBook-Kapitel aus dem Buch Supply Risk Management

  Aktuelle Standortbestimmung von Überwachung und Risikomanagement in der Corporate Governance-Diskussion als Ausgangspunkt der Konzeption eines Enterprise Risk Management (ERM)

  Prof. Dr. Michael Henke

  …Committee Interne Revision Unternehmensleitung (Geschäftsführung/Vorstand) Abschluß- prüfer Controlling Quality Control Peer Review Stakeholder… …men der Abschlußprüfung (IDW PS 260). 5 Vgl. Lück, Wolfgang und Andreas Makowski: Internal Control. COSO-Report; Guidance on Criteria of Control… …; Internal Financial Control. In: Wirtschaftsprüferkam- mer-Mitteilungen 1996, S. 157. 6 Vgl. Lück, Wolfgang: Stichwort „Internes Überwachungssystem (IÜS)“… …, (2.) IÜS (einschließlich Interner Revision), (3.) Control- ___________________________ 1 Vgl. zu § 91 Abs. 2 AktG Institut der Wirtschaftsprüfer in… …verantwortlich ist.2 Das Controlling wird zunehmend auch dazu eingesetzt, das Internal Control- System und damit die Unternehmensabläufe zu überwachen.3 Die… …: Risikomanagement als Teil des Planungs- und Control- lingsystems. In: Tagungsunterlagen zum Workshop Risikomanagementsystem und Über- wachungssystem. Hrsg… …Henke: a. a. O., S. 126. 4 Die Themenbereiche Quality Control und Peer Review sind über die Arbeit der Internen Revisoren und der Abschlußprüfer vor… …Quality Control auch mit externen Peer Reviews auseinander- zusetzen. Vgl. Lück, Wolfgang und Michael Henke: Die Interne Revision als zentraler Bestandteil… …der Corporate Governance. In: Betriebswirtschaftliche Forschung und Praxis 2004, S. 13. Zu Quality Control und Peer Review in der Abschlußprüfung vgl… …. ausführ- lich Lück, Wolfgang: Quality Control. Maßnahmen zur Qualitätssicherung in der Wirt- schaftsprüfer-Praxis. In: Der Betrieb 2000, S. 1–6; Lück…

  Alle Treffer im Inhalt anzeigen