Manager's Guide to Compliance: Sarbanes-Oxley, COSO, ERM, COBIT, IFRS, BASEL II, OMB's A-123, ASX 10, OECD Principles, Turnbull Guidance, Best Practices, and Case Studies (Manager's Guide Series)

This timely resource consolidates critical compliance guidance in an easy-to-access format, placing U.S. and global regulatory information at your fingertips. Adding value beyond a reference, Dr. Tarantino includes best practice tools and real-world case studies so managers can see how compliance can be achieved at maximum value to their organization. Cover......Page 1 Manager's Guide to Compliance......Page 5 NOTE TO THE READER......Page 8 Contents......Page 9 Preface......Page 13 ACKNOWLEDGMENTS......Page 19 CHAPTER 1U.S. SOX Section 401: Off-BalanceSheet Arrangements......Page 21 CHAPTER 2U.S. SOX Section 404:Internal Controls......Page 41 CHAPTER 3U.S. SOX Section 406:Code of Ethics......Page 52 CHAPTER 4U.S. SOX Section 409: Real-TimeReporting of Material Changes......Page 55 CHAPTER 5U.S. SOX Impact on PrivatelyHeld Companies and Nonprofits......Page 59 CHAPTER 6U.S. SOX Impact on SmallU.S. Companies......Page 64 CHAPTER 7U.S. SOX Impact onForeign Companies......Page 69 CHAPTER 8U.S. Government’s Version ofU.S. SOX: OMB Circular A-123......Page 73 CHAPTER 9U.S. Healthcare Effortsto Improve InternalControls: U.S. HIPAA......Page 89 CHAPTER 10Bankers’ and Insurers’ Effortsto Improve Internal Controls......Page 91 CHAPTER 11Australia, Canada, and UK Effortsto Improve Internal Controls......Page 99 CHAPTER 12EU Efforts to Improve InternalControls: OECD Principles......Page 111 CHAPTER 13Global GAAP (IFRS) and GlobalReporting Language (XBRL)......Page 116 CHAPTER 14Compliance and Internal ControlsImpact on Outsourcing1......Page 126 CHAPTER 15Civil and Criminal Penaltiesfor Noncompliance......Page 129 CHAPTER 16Business Penaltiesfor Noncompliance:A Material Weakness......Page 141 CHAPTER 17Revenue RecognitionRequirements:U.S. SAB 101 and 104......Page 145 CHAPTER 18Data Retention Requirements......Page 155 CHAPTER 19Compliance and InternalControl Software......Page 159 CHAPTER 20Auditing Internal Controls......Page 167 CHAPTER 21Best Practices in InternalControls: EnterpriseRisk Management1......Page 198 CHAPTER 22Best Practices in InternalControls: IT Risk Management &SDLC (NIST 800-30)1......Page 205 CHAPTER 23Best Practices in InternalControls: Mapping COBIT toCOSO I, COSO II, & PCAOB......Page 210 CHAPTER 24Best Practices in InternalControls: COBIT IT ControlObjectives......Page 214 CHAPTER 25Best Practices in Complianceand Internal Controls:ASX 10 Principles1......Page 220 CHAPTER 26Best Practices in InternalControls: Segregationof Duties (SOD)......Page 248 CHAPTER 27Best Practices in InternalControls: Case Studies......Page 262 CHAPTER 28Best Practices in ComplianceProject Management......Page 274 CHAPTER 29Best Practices inGovernance and Ethics......Page 281 CHAPTER 30Costs versus Benefits andthe Business Reaction......Page 286 APPENDIX AFrequently Asked P2P Questions1......Page 298 APPENDIX BLinks to ReferencedOrganizations and Documents......Page 310 Glossary of Terms......Page 312 Index......Page 325 Compliance requirements are here to stay. Prepare your company for the growing challenge. A Wall Street Journal/Harris poll revealed that two thirds of investors express doubts in the ability of corporate boards of directors to provide effective oversight. In the shadow of recent global scandals involving businesses such as Parmalat and WorldCom, Manager's Guide to Compliance: Best Practices and Case Studies is essential reading for you, whether your organization is a major corporation or a small business. This timely handbook places U.S. and global regulatory information, as well as critical compliance guidance, in an easy-to-access format and helps you make sense of all the complex issues connected with fraud and compliance. "Wide perspectives and best practices combined deliver a punch that will knock your 'SOX' off! The author has blended together a critical mix necessary for effectively handling the requirements of SOX." --Rob Nance, Publisher, AccountingWEB, Inc. "Robust compliance and corporate governance is an absolute necessity in today's business environment. This new book by Anthony Tarantino is an authoritative guide to understanding and implementing compliance and regulatory requirements in the United States and around the world. From SOX to COSO to ERM, this book covers them all." --Martin T. Biegelman, Certified Fraud Examiner, Fellow and Regent Emeritus of the Association of Certified Fraud Examiners, and coauthor of Executive Roadmap to Fraud Prevention and Internal Control: Creating a Culture of Compliance "If compliance wasn't difficult enough, now companies are faced with a barrage of technology vendors claiming to automate compliance as if it were a project. In his new book, Dr. Tarantino paints the reality of the situation: companies need to embrace the broader tenets of governance and use technology to embed governance policies and controls into their daily business processes. Only then can they gain business value from their compliance investments." --Chris Capdevila, CEO and cofounder, LogicalApps U.s. Sox Section 401 : Off-balance Sheet Arrangements -- U.s. Sox Section 404 : Internal Controls -- U.s. Sox Section 406 : Code Of Ethics -- U.s. Sox Section 409 : Real-time Reporting Of Material Changes -- U.s. Sox Impact On Privately Held Companies And Nonprofits -- U.s. Sox Impact On Small U.s. Companies -- U.s. Sox Impact On Foreign Companies -- U.s. Government's Version Of U.s. Sox : Omb Circular A-123 -- U.s. Healthcare Efforts To Improve Internal Controls - U.s. Hipaa -- Bankers' And Insurers' Efforts To Improve Internal Controls -- Australia, Canada, And Uk Efforts To Improve Internal Controls -- Eu Efforts To Improve Internal Controls : Oecd Principles -- Global Gaap (ifrs) And Global Reporting Language (xbrl) -- Compliance And Internal Controls Impact On Outsourcing -- Civil And Criminal Penalties For Noncompliance -- Business Penalties For Noncompliance : A Material Weakness -- Revenue Recognition Requirements : U.s. Sab 101 And 104 -- Data Retention Requirements -- Compliance And Internal Control Software -- Auditing Internal Controls -- Best Practices In Internal Controls : Enterprise Risk Management -- Best Practices In Internal Controls : It Risk Management & Sdlc (nist 800-30). Anthony Tarantino. Includes Bibliographical References And Index. US SOX Section 401 : off-balance sheet arrangements US SOX Section 404 : internal controls US SOX Section 406 : code of ethics US SOX Section 409 : real time reporting of material changes US SOX impact on privately held companies and non-profits US SOX impact on small US companies US SOX impact on foreign companies US government's version of US SOX : OMB circular A-123 US healthcare efforts to improves internal controls - US HIPAA Bankers and insurers efforts to improve internal controls Australia, Canada, and UK efforts to improve internal controls EU efforts to improve internal controls - OECD principles Global GAAP (IFRS) and global reporting language (XBRL) Compliance and internal controls impact on outsourcing Civil and criminal penalties for non compliance Business penalties for non compliance : a material weakness Revenue recognition requirements - US SAB 101 and 104 Data retention requirements - US SOX Section 802 Compliance and internal controls softwares Auditing internal controls Best practices in internal controls - enterprise risk management Best practices in internal controls - IT risk management & SDLC (NIST 800-30).