Reliable Financial Reporting and Internal Control

Stepping Up Financial Reporting Systems in an Expanding Global Economy The United States already has the most stringent financial reporting requirements in the world due to its Generally Accepted Accounting Principles (GAAP). Now financial institutions must also contend with the global impact of new stipulations regarding auditing and reporting practices. This book provides comprehensive guidance as to what companies should now be doing to make their financial reporting more efficient and reliable, and illustrates how a sound internal control policy–based on the work of the Treadway Commission and the COSO report –will be a requirement for the organization that wants to compete in the evolving global marketplace. Based on months of research by the author, Reliable Financial Reporting and Internal Control brings together three issues crucial to risk management: ? Internal control and international accounting standards ? Reliable financial reporting as defined by COSO...