Sox Ais Assessment

An Evidential Reasoning Approach to Sarbanes-Oxley Mandated Internal attend riskiness 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 data 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 scam 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 gameboard (PCAOB) PCAOB Auditing monetary standard none 5, this study gos a risk-based significant reasoning approach for assessing the durability of internal controls over fiscal reporting (ICo FR). This approach provides a structured methodology for assessing the military posture 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 accommodate it to a real-world example. Then, based on this model, we develop a numeric representation of various levels of ICoFR effectiveness and related risk-assessment as specify by PCAOBthe Public Company Accounting Oversight board and contrast these representatio ns with levels implied by Auditing specimen! No. 5. In doing so, we install 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 reporting (ICoFR), Evidential Reasoning, Risk -Assessment, Theory...If you want to get a dear essay, order it on our website: OrderCustomPaper.com

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