Reliable financial reporting and internal control: a global implementation guide
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York [u.a.]
Wiley
2000
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XX, 268 S. graph. Darst. |
| ISBN: | 0471382612 |
Internformat
MARC
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| 245 | 1 | 0 | |a Reliable financial reporting and internal control |b a global implementation guide |c Dimitris N. Chorafas |
| 264 | 1 | |a New York [u.a.] |b Wiley |c 2000 | |
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| 650 | 4 | |a Gestion du risque | |
| 650 | 7 | |a Standaardisatie |2 gtt | |
| 650 | 4 | |a Vérification interne - Normes | |
| 650 | 4 | |a États financiers - Normes | |
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| 650 | 4 | |a Auditing, Internal |x Standards | |
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
PART ONE INTERNAL CONTROL AND GLOBAL
ACCOUNTING STANDARDS
1 The Board s Accountability for Internal Control 3
Globalization and Consolidation Involve Risks, Not Only Opportunities 4
The Synergy between Internal Control and Risk Management 8
Formal and Informal Solutions to Internal Control Challenges 12
Financial Staying Power Requires a Rigorous Internal Control Culture 16
Transparency Is Vital to the Sustenance of Personal Accountability 19
2 International Accounting Standards and the Global
Accounting System 25
The Choice of Accounting Standards on a Global Basis 26
International Accounting Standards and Generally Accepted
Accounting Principles 29
Differences between Versions of Generally Accepted Accounting
Principles and Practices 33
Capital Markets, NYSE, and Global Accounting Standards 36
The Basle Committee and International Accounting Harmonization 39
The Rigorous Nature of American Accounting Standards Is Good
for Companies 41
3 Why Global Accounting Solutions Are an Integral Part of
Capital Markets and Derivatives Markets 45
Accounting Profession and Fault Line Dividing Securities Regulation
in Different Countries 46
Why the New Accounting Standards Must Fully Reflect Off Balance
Sheet Exposure 49
Derivative Financial Instruments and Analysis of Annual Reports 53
Internally Generated Intangible Assets 57
xvii
Contents
Management Accountability and the Need for a Rigorous Global
Accounting System 59
Technology, Derivative Financial Instruments, and the Need for
Real Time Response 62
PART TWO COSO, BEHAVIORAL ANALYSIS, QUALITY
CONTROL, AND STATEMENTS OF FINANCIAL
ACCOUNTING STANDARDS
4 The Work Done by the Treadway Commission 67
The Control Environment Defined by COSO 68
Issues Involved in Fraudulent Financial Reporting 70
Internal Control and the Treadway Commission 72
Implementing the COSO System 74
Benefits from Implementation of COSO 77
5 Control of Fraudulent Financial Reporting 81
Three Phases of COSO s Contribution to Reliable Reporting 82
Treadway Commission s Guidelines for the Audit of Management Reports 84
The Need for Reliable Financial Information Made Public 87
The Command and Control System of Financial Operations 89
Setting Standards and Controlling Compliance through Off Site Inspection 91
6 The Emphasis COSO, COCO, and IOSCO Place on
Behavioral Controls 95
Dependable Financial Reporting and Behavioral Controls 96
IOSCO Emphasizes the Influence of Human Factors 99
Approaches to the Prediction of Human Reliability 101
The Impact of Human Factors on Error Rates 103
An Analytical Approach to Performance Measurements 105
Learning through Interdisciplinary Cross Fertilization 107
7 Measuring and Managing the Quality of Financial Services HI
Financial Instruments Whose Quality Must Be Controlled 112
Qualitative and Quantitative Disclosures by Financial Institutions 115
The Quality Control Inquiry Committee and Use of Process Control
in Banking 117
What Management Should Appreciate about Control over Quality 119
The Role of Statistical Investigation in Quality Assurance 122
Types of Statistical Quality Control Plans 124
xviii
Contents
8 Using Statistical Quality Control in Banking 127
Concepts Underpinning the Application of Sampling Plans 128
Benefits Provided by the Operating Characteristics Curve 132
The Notion of an Acceptable Quality Level 135
Developing and Using Quality Control Charts by Variables 136
Quality Charts for the Number of Defects per Unit 140
Plotting Percent Defective for Quality Control Reasons 142
9 Statements by the Financial Accounting Standards Board
and Regulatory Reporting Practices 147
Regulations Should Provide Investors with Greater Transparency 148
Reporting Comprehensive Income: SFAS 130, 131, and 132 151
The Evolving Nature of Financial Statements and
Reporting Requirements 153
Disclosure Rules by the Financial Accounting Standards Board 155
Firm Commitments and Forecasted Transactions 157
10 FASB Statements of Financial Accounting Standards and
Derivative Financial Instruments 161
U.S. Congressional Hearing on Derivatives Regulation, October 1997 162
The Evolution of Financial Accounting Standards That
Target Derivatives 165
Statement of Financial Accounting Standards 133 and
Hedging Activities 168
The Assessment of Hedge Effectiveness 170
What Should Be the Risk Premium with Credit Derivatives? 171
Beneficial Aspect of FASB s New Regulations in Terms of Risk Control 173
PART THREE THE COUNTERPARTIES OF COSO:
A NEW CAPITAL ADEQUACY FRAMEWORK AND
CAPITAL AT RISK
11 A New Capital Adequacy Framework by the Basle Committee
on Banking Supervision 179
The Revised Notion of Minimum Capital Requirements 180
A More Rigorous Supervisory Review of Capital Adequacy 184
The Need for Applying a Market Discipline 187
The Formal Reference Made to Operational Risk 190
Using Ratings by Independent Agencies to Gauge Exposure in the
Banking Book 193
xix
Contents
Reserve Requirements for Exposure to Sovereigns, Subnationals,
and Banks 195
Reserve Requirements, Corporate Clients, and Securitized Instruments 198
12 An Inside View of a Bank s Capital Requirements 201
Basic Notions Underlying Internal Ratings 203
Could Internal Ratings Lead to a Better Capital Base? 206
Equity of an Institution and Economic Capital 209
An Evolution Toward More Sophisticated Bookkeeping Methods 212
Rethinking the Recognition of Assets and Liabilities in the
Balance Sheet 214
The Auditing of Risks, Intraday Values, and Management Control 216
13 Capital at Risk 221
Notions Underlying Sophisticated Applications of Capital at Risk 222
Earnings at Risk as Alternative to and Complement of Capital at Risk 225
Literacy in High Technology and Capital at Risk 229
Capital at Risk, Irrevocable Commitments, and Current Exposure 232
Prudential Limits, Volatility, and Capital at Risk 234
The Need for a Steady Evolution of the Reporting Structure 236
14 Market Value Accounting 241
Pluses and Minuses with the Accruals Method 242
A Milestone in Accounting: The Notion of Fair Value 244
Why Market Value Accounting Is Necessary 245
Fair Value, Cash Equivalents, Loans, and Securities 247
Present Value, Replacement Value, and Net Present Value 249
Positive/Negative Replacement Value and Expected Net Present Value 251
The Limits of Change in Net Portfolio Value 253
Appendix Definitions of Internal Controls and the Consensus
of a Research Project 255
The Committee of Sponsoring Organizations of the Treadway
Commission (COSO) 255
The American Institute of Certified Public Accountants (AICPA)
Committee on Working Procedures 255
The Institute of Internal Auditors (IIA) 256
The Basle Committee on Banking Supervision 256
The European Monetary Institute (EMI), Predecessor to the European
Central Bank (ECB) 257
Chorafas Comprehensive Definition of Internal Controls 257
Index 259
xx
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| indexdate | 2024-07-09T18:44:14Z |
| institution | BVB |
| isbn | 0471382612 |
| language | English |
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| spelling | Chorafas, Dimitris N. 1926-2014 Verfasser (DE-588)107941961 aut Reliable financial reporting and internal control a global implementation guide Dimitris N. Chorafas New York [u.a.] Wiley 2000 XX, 268 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Committee of Sponsoring Organizations of the Treadway Commission Auditing gtt Comptabilité - Normes Entreprises multinationales - Comptabilité - Normes Financiële verslaglegging gtt Gestion du risque Standaardisatie gtt Vérification interne - Normes États financiers - Normes Multinationales Unternehmen Accounting Standards Auditing, Internal Standards Financial statements Auditing Standards International business enterprises Accounting Standards Risk management Finanzcontrolling (DE-588)4130607-7 gnd rswk-swf Finanzcontrolling (DE-588)4130607-7 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009102830&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Chorafas, Dimitris N. 1926-2014 Reliable financial reporting and internal control a global implementation guide Committee of Sponsoring Organizations of the Treadway Commission Auditing gtt Comptabilité - Normes Entreprises multinationales - Comptabilité - Normes Financiële verslaglegging gtt Gestion du risque Standaardisatie gtt Vérification interne - Normes États financiers - Normes Multinationales Unternehmen Accounting Standards Auditing, Internal Standards Financial statements Auditing Standards International business enterprises Accounting Standards Risk management Finanzcontrolling (DE-588)4130607-7 gnd |
| subject_GND | (DE-588)4130607-7 |
| title | Reliable financial reporting and internal control a global implementation guide |
| title_auth | Reliable financial reporting and internal control a global implementation guide |
| title_exact_search | Reliable financial reporting and internal control a global implementation guide |
| title_full | Reliable financial reporting and internal control a global implementation guide Dimitris N. Chorafas |
| title_fullStr | Reliable financial reporting and internal control a global implementation guide Dimitris N. Chorafas |
| title_full_unstemmed | Reliable financial reporting and internal control a global implementation guide Dimitris N. Chorafas |
| title_short | Reliable financial reporting and internal control |
| title_sort | reliable financial reporting and internal control a global implementation guide |
| title_sub | a global implementation guide |
| topic | Committee of Sponsoring Organizations of the Treadway Commission Auditing gtt Comptabilité - Normes Entreprises multinationales - Comptabilité - Normes Financiële verslaglegging gtt Gestion du risque Standaardisatie gtt Vérification interne - Normes États financiers - Normes Multinationales Unternehmen Accounting Standards Auditing, Internal Standards Financial statements Auditing Standards International business enterprises Accounting Standards Risk management Finanzcontrolling (DE-588)4130607-7 gnd |
| topic_facet | Committee of Sponsoring Organizations of the Treadway Commission Auditing Comptabilité - Normes Entreprises multinationales - Comptabilité - Normes Financiële verslaglegging Gestion du risque Standaardisatie Vérification interne - Normes États financiers - Normes Multinationales Unternehmen Accounting Standards Auditing, Internal Standards Financial statements Auditing Standards International business enterprises Accounting Standards Risk management Finanzcontrolling |
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