Accounting groups issue report on internal control
Article Abstract:
The Committee of Sponsoring Organizations (COSO) has issued the final report on a three-year study that sought to explain internal control and impart useful guidance in the evaluation and improvement of corporate control systems. The report, titled 'Internal Control - Integrated Framework' details the duties of every member of a company for the maintenance of controls, including the role the external auditor plays in appraising controls. The report also names the five interconnected elements of internal control: control environment, risk assessment, control processes, information and communication of relevant data, and monitoring to evaluate the performance of the internal control system. Extensive research, deliberation, analysis and suitable processes were performed during the study. An exposure draft was released for opinion on 1991 as part of the preparation of the report.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
59-year-old grandfather, CMA
Article Abstract:
A 59-year-old grandfather relates the difficulties he experienced and the rewards he gained from taking the Certified Management Accountant (CMA) exam. Difficulties concerning his ability to devote time for study, in preparation for the CMA exam, were resolved through the formation of a study group that met for three hours once a week. The study group gave him the discipline necessary to ensuring that his preparation for the CMA exam was sufficient. Although the certificate will be of very little use to him in terms of professional growth at his age, the CMA designation did result in a strong sense of accomplishment.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
The management accounting profession in the '90s: a woman's perspective
Article Abstract:
Professional women in the field of accounting are being challenged to take an active role in the development of managerial accounting as a career. The Certified Management Accountant (CMA) designation allows women accountants to participate in technical discussions with the assurance that their opinions will be taken seriously. Aside from giving them the necessary professional credentials, the CMA certification gives women accountants increased stature in the corporate environment. The certification also provides female CMAs with access to a network of management accounting professionals.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Deciphering the new accounting for income tax rules. The tension between management accounting and financial reporting
- Abstracts: Statistical process control: what management accountants need to know. Leverage your vendor relationships and enhance your bottom line
- Abstracts: Accounting controls in a procurement card environment. Powerhouse presenting
- Abstracts: Coal miners strike in Russia, Ukraine. Excerpts from Russian President Yeltsin's address to the U.S. Congress
- Abstracts: Cross hedging in currency forward markets: a note. Asymmetric hedging of the corporate terms of trade