会计专业英语（第2版）课件Chapter 11.ppt

单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,*,Chapter 11 Internal Control,11.1 The Need for Internal Control,11.2,Means of Achieving Internal Control,11.3 COSO Framework,11.4,How to Effectively Implement Internal Control,11.5,Examples of Internal Control Regulations in China,11.6 New Technology in Internal Control,2,11.1 The Need for Internal Control,Internal Control,is a process effected by an entitys board of directors,management,and other personnel,designed to provide reasonable assurance regarding the achievement of objectives relating to operations,reporting,and compliance.,Operating,Reporting,Compliance,11.1 The Need for Internal Control,One of the defenses to avoid business failure,Manage risks,Create and maintain enterprise value,Not only that,but More,11.2,Means of Achieving Internal Control,COSO Organization,COSO Framework,Internal Control-Integrated Framework(2013),Enterprise Risk Management-Integrating Strategy with Performance(2017),NOTE:,COSO framework is not a standard or some specific requirements,but just a framework model that summarizes professional practice,11.3,COSO Framework,11.3,COSO Framework,Control Environment,integrity and ethical values of organizations;,the processes for attracting,developing,and retaining competent individuals;,incentives,and rewards to drive accountability for performance.,11.3,COSO Framework,Risk Assessment,a dynamic and iterative process fro identifying and assessing risks to the achievement of objectives,forms the basis for determining how risks will be managed,11.3,COSO Framework,Control Activities,Tone at the top,the actions established through policies and procedures,performed at all levels of the entity,Policy and Procedures,11.3,COSO Framework,Information and Communications,Vital important for managing organizational data,Continual,iterative process of providing,sharing,and obtaining necessary information,11.3,COSO Framework,Monitoring Activities,Ongoing evaluations,separate evaluations,or some combination of the two are used to ascertain whether internal control is present and functioning.Internal control weaknesses should be identified and communicated in a timely manner,control environment,effective prioritization of monitoring procedures.,communication structure for monitoring,11.4,How to Effectively Implement Internal Control,Build Internal Awareness,all five components of internal control and all relevant principles must be present and functioning,11.5,Examples of Internal Control Regulations in China,Regulations,Internal Control Practice,Find Both the successful practice and the failures,11.6,New Technology in Internal Control,Overview of IoT Technology,Application of IoT Technology in Internal Control,Asset Tracking and Management,Procurement and Inventory Management,Production and Sales Management,End of Chapter 11,15,。