INTERNAL CONTROL - INTEGRATED FRAMEWORK (COSO Report) Sarbanes-Oxley Act Section 404 - "Management Reports on Internal Control" Implementing Section 404 of the Sarbanes-Oxley Act, the SEC has adopted final rules requiring management's reports on a company's internal control over financial reporting. The new rules will require management to acknowledge its responsibility for the adequacy of the company's internal control structure and procedures for financial reporting and to assess the effectiveness of the company's internal control over financial reporting, with the company's independent auditors being required to attest to management's internal control report. The final rules: required annual reports on Forms 10-K, 10-KSB, 20-F and 40-F ("annual reports") to contain (1) management's report on the company's "internal control over financial reporting," including management's assessment of the effectiveness of the internal control over financial reporting, and (2) an independent auditor's attestation report on management's assessment; require management to evaluate on a quarterly basis material changes in the company's internal control over financial reporting; and amend existing quarterly disclosure requirements relating to (1) the effectiveness of the company's disclosure controls and procedures and (2) changes in the company's internal controls. revise the text of the CEO/CFO certifications required under Section 302 of Sarbanes-Oxley and require companies to provide both the Section 302 certifications and the separate CEO/CFO certifications required by Section 906 of Sarbanes-Oxley as exhibits to their annual and quarterly reports. These COSO templates are formatted for use in VISUAL Assurance and are provided by KILCLARE Software for illustrative purposes only as a convenient starting point to assist boards of directors, audit committees, internal auditors, and management in satisfying their responsibilities under Section 404 of the Act. Proof of purchase of the COSO documentation now available from the AICPA Store is required by Kilclare. Click on the file size indicator to download the file.   FR* Size   Library: COSO: Internal Control - Integrated Framework: Entire Template Content   1007KB           Library: COSO Framework 01: Entity Level Control Components       COSO Control Criteria 01_01: Internal Control Components 8             Library: COSO Framework 02: Basic Value Chain Activities       COSO Control Criteria 02_01: Inbound Activities 8     COSO Control Criteria 02_02: Operations 8     COSO Control Criteria 02_03: Outbound Activities 8     COSO Control Criteria 02_04: Marketing and Sales 8     COSO Control Criteria 02_05: Service 8             Library: COSO Framework 03: Infrastructure Activities       COSO Control Criteria 03_01: Human Resources 8     COSO Control Criteria 03_02: Technology Development 8     COSO Control Criteria 03_03: Procurement 8             Library: COSO Framework 04: Administration Activities       COSO Control Criteria 04_01: Manage the Enterprise 8     COSO Control Criteria 04_02: Manage External Relations 8     COSO Control Criteria 04_03: Provide Administrative Services 8     COSO Control Criteria 04_04: Manage Information Technology 8     COSO Control Criteria 04_05: Manage Risks (of accident or other insurable loss) 8     COSO Control Criteria 04_06: Manage Legal Affairs 8     COSO Control Criteria 04_07: Plan 8             Library: COSO Framework 05: Manage Finance Activities       COSO Control Criteria 05_01: Process Accounts Payable 8     COSO Control Criteria 05_02: Process Accounts Receivable 8     COSO Control Criteria 05_03: Process Funds 8     COSO Control Criteria 05_04: Process Fixed Assets 8     COSO Control Criteria 05_05: Analyze and Reconcile 8     COSO Control Criteria 05_06: Process Benefits and Retiree Information 8     COSO Control Criteria 05_07: Process Payroll 8     COSO Control Criteria 05_08: Process Tax Compliance 8     COSO Control Criteria 05_09: Process Product Costs 8     COSO Control Criteria 05_10: Provide Financial and Management Reporting 8     (*) Formatting Revision