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Internal control, peculiarities of application of the requirements of the Sarbanes-Oxley Act and coso model

Author

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  • TOFELUK EKATERINA

    (Financial University)

Abstract

В данной статье мы проанализировали преимущества эффективного внутреннего контроля, или точнее сказать, закона Сарбейнса Оксли (SOX) и модели COSO. Мы рассмотрели, в частности, каким образом закон Сарбейнса Оксли влияет на корпоративный контроль и как слабый внутренний контроль определяет достоверность финансовых данных. В настоящем документе более подробно были рассмотрены такие разделы закона SOX, как 302, 404, 906, раскрытие информации о системе внутреннего контроля, и как они влияют на рынок корпоративного контроля. Кроме того, мы проанализировали модель COSO, а также каким образом данные законы могут быть реализованы на практике.In this paper we focus on the benefit of effective internal controls, or more precisely, the SarbanesOxley Act (SOX) and COSO model. We examine this issue in the context of the Sarbanes-Oxley Act for corporate control and, consequently, how weak internal control determines the reliability of financial data. This paper examines how SOX 302, 404, 906 disclosures on the internal control environment affect the market for corporate control. Besides that, we analyzed COSO model and how the sections of these laws may be implemented in practice.

Suggested Citation

  • Tofeluk Ekaterina, 2015. "Internal control, peculiarities of application of the requirements of the Sarbanes-Oxley Act and coso model," Review of Business and Economics Studies, CyberLeninka;Федеральное государственное образовательное бюджетное учреждение высшего профессионального образования «Финансовый университет при Правительстве Российской Федерации» (Финансовый университет), issue 3, pages 57-64.
    • Handle: RePEc:scn:031730:16485153
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