Because internal and external parties reviewing audit documentation may only select a sample of files, all individual documents must provide adequate evidence of the work performed.
Lisa has a proven track record of leadership and mentoring. We considered not applying the proposals to small accounting firms. It relates to new rule of Regulation S-X, which requires auditors to retain certain audit and review documentation. We recognize that any implementation of the Sarbanes-Oxley Act likely will result in costs as well as benefits and will have an effect on the economy.
The objective of the rule is to implement section of the Sarbanes-Oxley Act in order to increase investor confidence in the audit process and in the reliability of reported financial information.
Some commentators suggested that paragraph a of the proposed rule was overly broad and that the language in the rule, rather than following section of the Sarbanes-Oxley Act, should conform to current auditing standards.
To the extent the proposed rules would increase the quality of audits and the efficiency of enforcement and disciplinary proceedings, there might be an increase in investor confidence in the efficacy of the audit process and the efficiency of the securities markets.
Kathleen began her career at Bank One as a staff auditor and was promoted to project manager and, later, compliance officer.
Angela has extensive experience in the healthcare and higher-education industries. External stakeholders include external auditors and third party reviewers, as mentioned, but also lawyers and judges in cases of insurance claims, lawsuits, and fraud.
Narrowing the scope of the rule to conform to the current auditing literature would be contrary to the apparent congressional purpose embodied in section The amount of auditor judgment used to determine any observations also will impact documentation requirements.
She is works effectively with all levels of management and staff. Danielle brings strong technical and interpersonal skills to Kaiser Consulting.
Tara has a proven record of leadership and mentoring. Records described in the rule would be retained whether the conclusions, opinions, analyses, or financial data in the records support the final conclusions reached by the auditor, or contain information or data, relating to a significant matter, that is inconsistent with the final conclusions of the auditor on that matter or the audit or review.
Your information we use for marketing purposes will be kept with us until you notify us that you no longer wish to receive this information.
Her previous experience includes several positions at Honda of America Manufacturing all with responsibilities in the areas of service, purchasing and accounting.
Prior to joining Kaiser Consulting, she held positions as a financial analyst, senior accountant and controller. For Further Information Contact: Sarbanes-Oxley Act of testing and quality reviews performed by internal auditors. One of the most important factors in the successful operation of our securities markets is the trust that investors have in the reliability of the information used to make voting and investment decisions.
Her attention to detail makes her an asset to any Kaiser Consulting team engagement.FDIC Law, Regulations, Related Acts [Table of Contents] [Previous Page] - Statements of Policy Interagency Policy Statement.
Producing Quality Workpapers Workpapers serve as the record of the audit work performed, demonstrate compliance with the Standards, and ultimately reflect the quality of audits. Brian Wueste December 01, Comments Views. Type or paste a DOI name into the text box.
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Send questions or comments to doi. Cassie Chun, CPA Project Manager Audit Consultant / Financial Consultant. Professional CPA with an impressive background of work in both public and private accounting spanning over 20 years.
Minnesota Society of Certified Public Accountants. West 82nd Street, Ste Bloomington MN Ph: Fax: mint-body.com Final Rule: Retention of Records Relevant to Audits and Reviews Securities and Exchange Commission 17 CFR Part [Release Nos.
; ; IC; FR; File No. S].Download