OMB Circular A–123 and Sarbanes–Oxley: Management′s Responsibility for Internal Control in Federal Agencies - Hardcover

Tierney, Cornelius E.; Kearney, Edward F.; Fernandez, Roldan; Green, Jeffrey W.; Ramos, Michael J.; Kearney & Company

9780471768135: OMB Circular A–123 and Sarbanes–Oxley: Management′s Responsibility for Internal Control in Federal Agencies

Hardcover

ISBN 10: 0471768138 ISBN 13: 9780471768135

Publisher: John Wiley & Sons, 2006

How is A–123 different from Section 404 of the SOX Act? What is required of federal agencies with the revision of A–123? The definitive guide for federal compliance with OMB Circular A–123 and SOX Section 404, OMB Circular A–123 and Sarbanes–Oxley: Management′s Responsibility for Internal Control in Federal Agencies leads readers through every step of the planning, evaluation, testing, and reporting/collecting of processes associated with OMB Circular A–123 and SOX Section 404 compliance, including: ∗ Internal control criteria ∗ Internal control assessment: project planning ∗ Identifying significant control objectives ∗ Documentation of significant controls ∗ Testing and evaluating entity–level controls and activity–level controls The result of numerous consultations over many years with accountants, auditors, financial managers, and systems consultants specializing in the financial management issues of the federal government, this hands–on guide quickly brings you up to speed on the latest revisions and rules in federal financial internal control requirements.

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Product Description:

OMB Circular A-123 and Sarbanes-Oxley This comprehensive book features a step-by-step approach for engagement performance and provides controls guidance for Federal government entities as set forth in Section 404 of Sarbanes-Oxley and the revised Federal OMB Circular A-123. The new internal control requirements go into effect in fiscal year 2006. Full description

About the Author:

CORNELIUS E. TIERNEY, CPA, CGFM, is the author of several books, including Federal Accounting Handbook and Federal Government Auditing, both from Wiley, and is a Director of Kearney & Company. He has forty years of experience in accounting and financial reporting and was a founding member of the Federal Accounting Standards Advisory Board (FASAB). EDWARD F. KEARNEY, CPA, CGFM, is an author of Federal Government Auditing and the Managing Partner of Kearney & Company. His experience includes federal financial statement audits, accounting assistance, and federal management information systems consulting. ROLDAN FERNANDEZ, CPA, CGFM, is an author of Federal Government Auditing and is the Technical Quality Control Partner with Kearney & Company on financial statement audits, internal control evaluations, and accounting assistance engagements for federal departments and agencies. JEFFREY W. GREEN, CPA, is a partner with Kearney & Company and has seventeen years of experience providing accounting, auditing, and consulting services to federal and private sector clients. MICHAEL J. RAMOS, CPA , author of Wiley Practitioner′s Guide to GAAS 2006, How to Comply with Sarbanes–Oxley Section 404 and The Sarbanes–Oxley Section 404 Implementation Toolkit (all published by Wiley), is a consultant in auditing and accounting technical matters. He has written non–authoritative practice aids, implementation guides, training programs, and authoritative AICPA audit and accounting guides.

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