Internal Audit's Role in Corporate Governance: Sarbanes-Oxley Compliance

Rating:
Summary: Valuable tools
Review: This book/CD ROM combination is a quick-start tool for internal auditors who need to drill down to the essentials and eliminate the time it takes to develop in-house aids for compliance.

The book is a mere 119 pages, of which approximately 110 are main content. It covers Section 301(audit committees), Section 302 (quarterly CEO and CFO certifications), and Section 404 (management assessment of internal controls). Each part of the book is brief and assumes familiarity with Sarbanes-Oxley. The value is in the essentials. For example, Section 301 material provides an audit committee charter issues matrix, which is typical of the tools that are provided in conjunction with discussions of other sections of the act.

On the accompanying CD ROM are equally valuable tools and documents, including the following in soft copy:
Section 301: Audit Committees Audit Committee Charter Issues Matrix, and Sample Audit Committee Charter

Section 302: COSO-based Risk Assessment Tool, COSO-based Disclosure Control Guide, Sample Disclosure Committee Charter, El Paso Internal Control Assessment Survey

Section 404: Control Model Project Plan, COSO Grid and Worksheets, ALLTEL Internal Control System Survey and Control and Risk Assessment Report

The above, combined with the highly focused (if somewhat terse) text of the book combine to make this set an invaluable addition to the internal auditor's toolbox.