财务管理咨询(ppt 108)

达盟（上海）财务管理咨询有限公司TMFServicesLtd.SOXTrainingAgenda1.OverviewofSarbanes-OxleyAct2.COSOInternalControlFramework3.WhatCouldGoWrong(Risk)4.InternalControl5.Typicalmistakesincontrolidentification6.RiskandControlMapping7.IdentificationofKeyControl8.ControlDeficiency9.Walkthrough10.TestofControl11.ComparisonbetweenWalkthroughandTestofControl12.SOXProjectOverview13.SOXDocumentationandRequirementOverviewofSarbanes–OxleyActGeneralIntroductiontotheActWhatweretheCauses?IntroductiontoVariousKeySectionsOverviewofSarbanes–OxleyActTheSarbanes-OxleyActisaUSlawenactedbyPresidentBushonJuly30,2002formallyknownas“ThePublicCompanyAccountingReformandInvestorProtectionAct”(上市公司会计改革与投资者保护法案).OverviewofSarbanes–OxleyActWhatweretheCauses?:1.WhyenactSarbanes-Oxley?EnronWorldComRestoreInvestorConfidenceIncreasedTransparencyReformAccountingIndustry2.Protectingtheinterestsof:-ShareholdersPensionbeneficiariesEmployeesOverviewofSarbanes–OxleyActWhattheActdid:–Addednewfinancialdisclosurerequirements–IncreasedCEO/CFOresponsibilitiesandpenalties–CreatedaPublicCompanyAccountingOversightBoard(PCAOB),withstandard-setting,investigative,anddisciplinaryauthority–Strengthenedauditorindependencerules–AddedinternalcontrolreportingrequirementOverviewofSarbanes–OxleyActTheActcontains11titleswithvarioussections:TitleI:PublicCompanyAccountingOversightBoardTitleII:AuditorIndependenceTitleIII:CorporateResponsibility(Section302)TitleIV:EnhancedFinancialDisclosures(Section404)TitleV:AnalystConflictsofInterestTitleVI:CommissionResourcesandAuthorityTitleVII:StudiesandReportsTitleVIII:CorporateandCriminalFraudAccountabilityTitleIX:White-collarCrimePenaltyEnhancements(Section906)TitleX:CorporateTaxReturnsTitleXI:CorporateFraudandAccountabilityOverviewofSarbanes–OxleyActSection404requirement:Requireseachannualreporttocontainan“internalcontrolreport”,whichmustinclude:1.Astatementofmanagement’sresponsibilityforestablishingandmaintainingadequateinternalcontrolsoverfinancialreporting;2.Management'sassessmentoftheeffectivenessofthecompany'sinternalcontroloverfinancialreportingasoftheendofthecompany'smostrecentfiscalyear;3.Astatementidentifyingtheframeworkusedbymanagementtoevaluatetheeffectivenessoftheinternalcontroloverfinancialreporting;and4.Astatementthattheexternalauditorhasissuedanattestationreportonmanagement’sassessment.OverviewofSarbanes–OxleyActTheSEC’sfinal404rulesprecludemanagementfromconcludingtheeffectivenessoftheinternalcontroloverfinancialreportingifoneormore“materialweakness”isidentified.Therulesalsorequiremanagementtodiscloseany“materialweaknesses”identifiedinthecourseoftheevaluation.OverviewofSarbanes–OxleyActDeadlineforImplementationofSOX404Requirement:CompanyTypeUpdatedDeadlineOldDeadlineU.S.CompanyandacceleratedfilersForeignprivateissuersandnon-acceleratedfilersTheCompanywithaggregatemarketvalueofcommonequitylowerthanUSD$75millionAnnualreportforafiscalyearendingonorafterNov.15,2004(revisedinFeb.2004)AnnualreportforafiscalyearendingonorafterJuly15,2006(revisedinMar.2005)AnnualreportforafiscalyearendingonorafterJuly15,2007(revisedinSep.2005)AnnualreportforafiscalyearendingonorafterJune15,2004AnnualreportforafiscalyearendingonorafterJuly15,2005AnnualreportforafiscalyearendingonorafterJuly15,2005OverviewofSarbanes–OxleyActAcompanybecomesan“acceleratedfiler”(加速呈报公司)afteritfirstmeetsALL4ofthefollowingrequirementsasoftheendofafiscalyear:·TheaggregatemarketvalueofcommonequityisUSD$75millionormore,measuredasoftheendofthecompany'ssecondfiscalquarter;·ThecompanyhasbeensubjecttotherequirementsoftheSecuritiesExchangeActforatleast12monthsasoftheendofthefiscalyear;·ThecompanyhasfiledatleastoneannualreportonForm10-K;and·ThecompanyisnoteligibletouseForm10-KSBandForm10-QSBforitsannualandquarterlyreportsasoftheendofthefiscalyearSOXTrainingAgenda1.OverviewofSarbanes-OxleyAct2.COSOInternalControlFramework3.WhatCouldGoWrong(Risk)4.InternalControl5.Typicalmistakesincontrolidentification6.RiskandControlMapping7.IdentificationofKeyControl8.ControlDeficiency9.Walkthrough10.TestofControl11.RelationshipbetweenWalkthroughandTestofControl12.SOXProjectOverview13.SOXDocumentationandRequirementCOSOInternalControlFrameworkCOSO:TheCommitteeofSponsoringOrganizationsoftheTreadwayCommission(美国反对虚假财务报告委员会的赞助委员会/美国反欺诈性财务报告委员会管理组织)•COSOwasoriginallyformedin1985tosponsortheNationalCommissiononFraudulentFinancialReporting,anindependentprivatesectorinitiativewhichstudiedthecausalfactorsthatcanleadtofraudulentfinancialreportinganddevelopedrecommendationsforpubliccompaniesandtheirindependentauditors,fortheSECandotherregulators,andforeducationalinstitutions.•TheNationalCommissionwasjointlysponsoredbyfivemajorprofessionalassociationsintheUnitedStates,theAmericanAccountingAssociation,theAmericanInstituteofCertifiedPublicAccountants,FinancialExecutivesInternational,TheInstituteofInternalAuditors,andtheNationalAssociationofAccountants(nowtheInstituteofManagementAccountants).TheCommissionwaswhollyindependentofeachofthesponsoringorganizations,andcontainedrepresentativesfromindustry,pub