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INTERNAL CONTROL, PECULIARITIES OF APPLICATION OF THE REQUIREMENTS OF THE SARBANES-OXLEY ACT AND COSO MODEL

Abstract

In this paper we focus on the benefit of effective internal controls, or more precisely, the Sarbanes- Oxley Act (SOX) and COSO model. We examine this issue in the context of the Sarbanes-Oxley Act for corporate control and, consequently, how weak internal control determines the reliability of financial data. This paper examines how SOX 302, 404, 906 disclosures on the internal control environment affect the market for corporate control. Besides that, we analyzed COSO model and how the sections of these laws may be implemented in practice.

About the Author

E. Tofeluk
Financial University
Russian Federation


References

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Review

For citations:


Tofeluk E. INTERNAL CONTROL, PECULIARITIES OF APPLICATION OF THE REQUIREMENTS OF THE SARBANES-OXLEY ACT AND COSO MODEL. Review of Business and Economics Studies. 2015;3(3):57-64. (In Russ.)



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ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)