Corporate Compliance Report 2 A

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A report regarding corporate compliance measures there risks opportunities and,commissions that enforce the laws that are in place

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Corporate Compliance Report 2 A

  1. 1. Corporate Compliance Report By Dirklan Booker MBA 560
  2. 2. COSO <ul><li>A structure instituted into process </li></ul><ul><li>To acquire easily available initiatives </li></ul><ul><li>Implement enterprise risk management initiatives </li></ul><ul><li>Through Integrated Framework control </li></ul><ul><li>Integrates a desired interior management structure </li></ul>
  3. 3. The Sarbanes-Oxley Act <ul><li>Introduced significant legislative changes </li></ul><ul><li>Changes were designed to protect shareholders </li></ul><ul><li>Publicly traded companies must comply </li></ul><ul><li>Commission's Committee rules and regulations </li></ul><ul><li>Vital to security of IT and Internet companies </li></ul>
  4. 4. TreadWay Commission <ul><li>Reinforced importance of auditing committees </li></ul><ul><li>Thwarts deceptive financial exposure </li></ul><ul><li>Developing common language </li></ul><ul><li>Provide all parties with pertinent </li></ul><ul><li>Information will enhance communication. </li></ul>
  5. 5. Compliance <ul><li>Comprehensive audit support </li></ul><ul><li>Discover and protect exposed financial data </li></ul><ul><li>Discover financial data stored on the system </li></ul><ul><li>Automatic encryption enforcement </li></ul><ul><li>Comprise financial data stored on the endpoint </li></ul>
  6. 6. Risks and Opportunities <ul><li>Results may have a positive or negative impact </li></ul><ul><li>Reactions might counteractive or unconstructive </li></ul><ul><li>Employees may not adapt to new guidelines </li></ul><ul><li>Opportunity to save revenue and reduce costs </li></ul><ul><li>Supervisors direct positive guidance opportunities </li></ul>
  7. 7. Components of Enterprise Risk Management <ul><li>Enterprise risk management interrelated components </li></ul><ul><li>The internal environment of an organization </li></ul><ul><li>Comprised of the attitude of a company </li></ul><ul><li>How risk is viewed and handled by employees </li></ul>
  8. 9. <ul><li>Ballou, B, Heitger, L. (2005). A Building-Block Approach for Implementing COSO's Enterprise Risk Management--Integrated Framework . Retrieved June 6, 2008 from EBSCOhost </li></ul><ul><li>Brown, W, Nasuti, F. (2005) Sarbanes--Oxley and Enterprise Security: IT Governance - What It Takes to Get the Job Done . Vol. 14 Issue 5, p15-28, 14p. Retrieved June 5, from EBSCOHOST </li></ul>References
  9. 10. <ul><li>Information Management (2006) Small Firms Seek Different SOX Rules. Journal. Vol. 40 Issue 1, p6-7, 2p. Retrieved June 6, 2008 from EBSCOhost 2008 </li></ul><ul><li>Journal of Accountancy (Jun 87). Fraud Commission Makes Suggestions . Vol. 163 Issue 6, p64-74, 7p. Retrieved June 5 2008 from EBSCOhost </li></ul><ul><li>Steinberg, Richard M. Tanki, Frank J. (1992). Special Report: What The Treadway Commission's Internal Control Study Means To You. Vol. 174 Issue 5, p29, 4p. Retrieved June 6, 2008 from EBSCOhost </li></ul>

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