Established in 1934 to enforce the securities laws and protect investors, the United States Securities and Exchange Commission (SEC) plays an important role in maintaining the integrity of the U.S. securities markets. Pursuant to the Accountability of Tax Dollars Act of 2002, SEC is required to prepare and submit to Congress and the Office of Management and Budget audited financial statements. This audit of SEC's financial statements determines whether: (1) the financial statements are fairly stated; and (2) SEC management maintained effective internal control. The auditor also tested SEC's compliance with selected provisions of significant laws and regulations. Charts and tables.Use of this tool requires effective manual compensating procedures to ensure the integrity of the data reported using this tool. ... For example, the general ledger cannot produce an aging of its accounts receivable due to an incorrect systemanbsp;...
|Author||:||James R. Dalkin|
|Publisher||:||DIANE Publishing - 2010-08|