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 info 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 top 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 senesce (PCAOB) PCAOB Auditing monetary standard none 5, this study pullulates 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 stick 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 present it to a real-world example. Then, based on this model, we develop a duodecimal representation of various levels of ICoFR effectiveness and related risk-assessment as outlined by PCAOBthe Public Company Accounting Oversight posting and contrast these representations wi th levels implied by Auditing well-worn No.! 5. In doing so, we butt on 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 describe (ICoFR), Evidential Reasoning, Risk -Assessment, Theory...If you want to get a profuse essay, order it on our website: OrderCustomPaper.com

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