part PART I: MANAGEMENT CONTROL -- chapter 1 Internal Control and Information Technology -- chapter 2 Case Studies on Internal Control’s Contribution -- chapter 3 Auditing Functions -- chapter 4 Internal and External Audit -- chapter 5 The Board’s Accountability for Audit -- part PART II:...

The Sarbanes-Oxley Act 2002 legislation was passed by the U.S. Congress in 2002. SarbOx 2002 requires all publicly listed companies to meet a significant increased amount of accounting compliance requirements. The cost of compliance and CEO time in dealing with compliance requirements increased...

State law seems to be ratcheting up the scrutiny of corporate behavior including the behavior of officers and executives. In this article we consider the issues that are likely to arise as officer conduct is scrutinized more closely using state corporate fiduciary principles. The challenge is...

Many companies complying with the Sarbanes-Oxley Act (SOX) focus primarily on effective internal controls and reliable financial reporting. Addressing only these aspects, however, leaves most of the value on the table. By putting the spotlight on the broader definition of internal control, which...

President Roosevelt allegedly issued this quip after having engaged in a lengthy exchange with a visiting business delegation. While the story (true or not) may be apocryphal, it illuminates a fundamental confusion that surrounds lobbying: What is it? How does it work? When is it used? And why...

This paper aims to review CPAs' responsibilities for fraud detection and reporting. It will first explore, through literature analysis and review of Taiwan regulation, the accounting professions' changing stand toward CPAs' responsibilities to detect and report fraud. In addition, Taiwan's...