Internal Control and Risk Management of Enterprises: Interpretation of the Sarbanes-Oxley Act

Author: Youlian Shi Jun Management Consulting
Publisher:
Publish Date: 2005-07-01
Features: Based on our practice, this book has become a limiting factor in the effective implementation of risk management in corporate daily operations in the following aspects. Judgment Errors: The effectiveness of risk management is limited by human errors in operational decision-making; Management Override: The manipulation or failure to execute established policies or procedures to achieve illegal purposes (Management "Override" should not be confused with Management "Interference." Management "Interference" is essential for handling non-compliant transactions, and such actions are disclosed externally with documented records. In contrast, individuals engaging in override activities intentionally conceal their actions); Collusion: The collusion of two or more employees can lead to the failure of risk management. Subjective cost-benefit analysis, overly detailed classification. Against the backdrop of new requirements of the capital market for corporate governance, we will, through the detailed description of the Sarbanes-Oxley Act of the U.S. capital market in this book, outline a clear and distinct picture of corporate governance and internal control, providing more references for our country's listed supervision departments and consulting companies that improve corporate internal control and enhance corporate governance.