All accounting firms must register with the PCAOB.
Internal controls can be broken into two categories: 1) those relating to how transactions flow, and 2) those relating to employee integrity.
SEC rules do not allow management to assert that a company has effective internal controls if:
The Board of Directors is required to complete an annual report verifying the effectiveness of the company’s internal control system.
A public company’s disclosure internal control disclosure requirements in its 更多
