Sentence examples for internal control structure from inspiring English sources

The phrase "internal control structure and procedures" features prominently in Section 404 of Sarbanes-Oxley.

But the Sarbanes-Oxley Act required that company managements publish in annual reports an assessment "of the internal control structure and procedures of the issuer for financial reporting".

A credit union's internal control structure consists of five components: control environment; risk assessment; control activities; information and communication; and monitoring.

The internal auditors and IS managers should obtain understanding of internal control structure in internet-based information systems (IIS) to be established in their organizations.

This makes managers responsible for maintaining an "adequate internal control structure and procedures for financial reporting"; and demands that companies' auditors "attest" to the management's assessment of these controls and disclose any "material weaknesses".

Each nationally recognized statistical rating organization shall establish, maintain, enforce, and document an effective internal control structure governing the implementation of and adherence to policies, procedures, and methodologies for determining credit ratings, taking into consideration such factors as the Commission may prescribe, by rule.

The dominant theme of the new rules is transparency – of internal control structures of rating performance statistics, credit rating histories and other aspects of the business.

Third, more disclosure, including of a firm's internal-control structure.

Firms had to establish independent audit committees, company loans to executives were banned, top executives had to certify accounts and whistleblowers were given more job protection if they reported any suspicions of fraud.In the act's now notorious section 404, managers were made responsible for maintaining an "adequate internal-control structure and procedures for financial reporting".

The control design of each local controller is achieved using internal model control structure.

In this study, an inverse controller based on a type-2 fuzzy model control design strategy is introduced and this main controller is embedded within an internal model control structure.