Question: Recently the U S federal government and the American Institute of
Recently, the U.S. federal government and the American Institute of Certified Public Accountants (AICPA) have taken aggressive steps aimed at ensuring the quality of organizational governance. What are these changes, how might they change organizational governance procedures, and do you believe that these actions will really improve internal control of business organizations?
Answer to relevant Questions“Enterprise Risk Management is a process for organizational governance.” Discuss why this might be correct and why it might not.“Section 404 of SOX has not been a good idea. It has been too costly and it has not had its intended effect.” Do you agree? Discuss fully.The CFO of Turing Corporation is very uncomfortable with its current risk exposure related to the possibility of business disruptions. Specifically, Turing is heavily involved in e- business, and its internal information ...“If personnel hiring is done correctly, the other personnel control plans are not needed.” Do you agree? Discuss fully.For each of these control plans suggest a monitoring activity:a. Credit approvalb. Removal of terminated employee access to computer systemc. New employee background check
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