TY  - BOOK
AU  - Harrer,Julie
TI  - Internal control strategies: a mid to small business guide 
SN  - 9780470376195
AV  - HF5667 .H338 2008
PY  - 2008///]
CY  - Hoboken, N.J.
PB  - Wiley
KW  - Auditing, Internal
KW  - Small business
KW  - Auditing
N1  - Includes bibliographical references and index; Content; Preface; Chapter 1 SEC?s Guidance on a Risk-Based Approach; Purpose of Internal Control Over Financial Reporting; Highlights of the SEC Staff Statement; Staff?s Emphasis on Reasonable Assurance; Comments on Evaluating Internal Control Deficiencies; Disclosures about Material Weaknesses; Information Technology Comments from the Staff; Communications with Auditors: An Unintended Consequence; Message for Small Business Issuers and Foreign Private Issuers; Chapter 2 Highlights of the PCAOB?s May 2005 Policy Statement; Policy Statement Highlights; Integrating the Financial and Internal Control Audits; Importance of Professional Judgment; Top-Down Approach and Role of Risk Assessment; When Auditors Can Use the Work of Others; Auditor?s Ability to Provide Advice to Audit Clients; How the PCAOB Inspections Help Drive Improvements; A Final Comment; Chapter 3 Starting at the Top: Using Entity-level Controls to Create Efficiencies; What Are Entity-Level Controls?; How Strong Entity-level Controls Can Reduce the Scope of Your Program; How to Apply COSO?s Recent Internal Control Guidance; How to Create a Winning Control Environment; Steps for Creating a Useful Risk Assessment Process; Control Activities; Creating an Effective Information and Communication Program; How to Implement Successful Monitoring Controls; How to Assign Roles and Responsibilities to Enhance Internal Controls; Small Company Issues for Implementing Company-Wide Controls; Summary of COSO?s Guidance for Smaller Public Companies; Chapter 4 Minimizing Excess through Proper Scoping and Planning Practices; Scoping Analysis: Event or Process?; How to Determine Materiality for Scoping Purposes; How to Use a Top-Down, Risk-Based Approach to Reduce the Scope of Your Program; Methods for Determining Significant Locations; Specific Areas Included and Excluded by the PCAOB; PCAOB and SEC Guidance on Other Common Scoping Issues; Chapter 5 Advantageous Project Management Techniques; 11 Areas of Focus for the Second Year and Beyond; How to Increase Productivity With a Sound Management Approach; Aim for the Target Instead of the Way to Get There; 11 More Project Management Tips; Staffing Strategies; Restructuring the Organizational Chart for Sustainability; How to Communicate Effectively through Emails, Meetings, and Advisories; Tactics for Dealing with Business Changes for Sections 302 and 404 Compliance; Chapter 6 Streamlining Documentation; Three Ideas to Improve Your Overall Documentation Process; Clearing the Clutter: How to Create and Maintain Meaningful Control Matrices; Using Relevant Financial Assertions for Planning Purposes; Financial Assertion Help for Non-Auditors; Techniques for Scrutinizing the Number of Key Controls; How to Reduce and Improve Controls with Standardization; Practical Ideas for Documentation at International Locations; How to Create an Effective Spreadsheet Control Program; How to Create Strong Financial Reporting Controls; Tools for Assessing Control Design; An Alternative to Gap Remediation; Three More Ideas for Improving Documentation; Chapter 7 Economical Testing Techniques; Testing Control Design and Operating Effectiveness; Practical Steps to Applying Guidance on the Nature, Timing and Extent of Testing; Suggestions for Testing Significant Manual and Non-Routine Transactions; Using Update Tests to Ease the Burden of Testing at Year-End; Five Ideas for the Timing of Control Tests; Types of Control Tests and When to Use Them; Why You Should Minimize the Use of Self-Assessment Tests; Maximizing Your Auditor?s Reliance on the Work of Others; More Inspiration on Efficient Testing; Chapter 8 Methods for Remediation Madness; Do All Controls Have to Be Remediated?; ?For Now? Approach to Remediation; Creating Meaningful Remediation Plans; Nine Practice Tips for the Remediation Phase; Sufficient Periods for Remediated Controls; Steps to Prepare for Re-Testing; Project Management Tools for Remediation; Chapter 9 Taking the Mystery out of Evaluating Deficiencies; Deficiencies Defined; Analytical Steps for Evaluating Deficiencies; Are All Exceptions Considered Deficiencies?; Techniques for Aggregating Deficiencies; Typical Material Weaknesses; Unique Nature of IT General Control Deficiencies; Market?s Reaction to Process Specific versus Pervasive Material Weaknesses; How to Improve Material Weakness Disclosures; AS No. 4 and Reporting Whether a Previously Reported Material Weakness Still Exists; Successful Communication of Deficiencies to Management and the Audit Committee; Suggestions for Management?s Final Assessment Report; Chapter 10 Common Areas of Concern and How to Address Them; Control Options for the Use of Service Organizations; What to Do With Mergers and Acquisitions Activities; A Unique Solution for Managing the Tax Process; How to Minimize IT Developer Access to Production Issues; What to Do When Your ERP System Is Not Compatible with your Access Controls; Tips for Changing ERP Systems and Staying SOX Compliant; Practical Ideas for Document Retention Requirements; Thoughts on Changing Accounting Firms; Chapter 11 Understanding The SEC?s Guidance for Management; Evaluation Process; Reporting Considerations; Rule Amendments and Other SEC Guidance Related to Internal Control Over Financial Reporting; Chapter 12 The PCAOB?s Auditing Standard No. 5; Eight Concepts to Focus the Audit on Matters Most Important to Internal Control; New Emphasis on Entity-Level Controls; Importance of a Fraud Risk Assessment; Tips to Eliminate Unnecessary Procedures; Scaling Audits for Smaller Companies; Appendix A: Simplified Sample Entity-Level Control Matrices; Appendix B: COSO?s Internal Controls Checklist for Entity-Level Controls; Appendix C: Standardized Period-End Process Control Matrix; Appendix D: PCAOB Staff Question and Answer Index; Appendix E: SEC Office of the Chief Accountant Frequently Asked Questions Index; Appendix F: Summary of Changes Made to Auditing Standard No. 2 and the Related New Guidance; Index
ER  -