The Sarbanes-Oxley Act of 2002 (SOX) was established to strengthen internal controls over financial reporting by U.S. public firms and, as a consequence, to increase investor and stakeholder confidence in published financial reports. Among the many SOX provisions, SOX 404 requires an annual assessment by the firm’s executive management and external auditor of the firm’s internal controls over f...

Enterprises require mechanisms to ensure that their business processes implement and fulfill internal controls in context of regulatory compliance such as Sarbanes Oxley Act. In this paper we propose an approach for the modeling and implementation of internal controls in business processes. The approach is based on the formal modeling of internal controls, thus it can serve as the basis for usa...

Enterprises require mechanisms to ensure that their business processes implement and fulfill internal controls in context of regulatory compliance such as Sarbanes Oxley Act. In this paper we propose an approach for the modeling and implementation of internal controls in business processes. The approach is based on the formal modeling of internal controls, thus it can serve as the basis for usa...

The purpose of the study is to analyze problems associated with way internal control and financial auditing are organised in budgetary public sector organisations. authors show that control, as a process interrelated actions, ensures risk reduction course achieving desired results institution’s activities. level assessed during activities carried out through Federal Treasury State (municipal) a...