Research on Internal Audit Participate in Risk...

School of Management, University of Glamorgan Research on Internal Audit Participate in Risk Management-Based on the ERM Framework of COSO By: Weichen Zhu Candidate no: September 2012 Supervised by: The dissertation is submitted as part of the requirement for the award of Masters of Science: Declaration This Dissertation has been prepared on the basis of my own work and that where other published and unpublished source materials have been used, these have been acknowledged. Word Count: Student Name: __________________ Signature: ______________________ Date of Submission:______________ Acknowledgement This is my first time to go aboard for studying. During different campus life in the UK, it is†¦show more content†¦Risk management has become a very important task of enterprise operation. In the process of the development of risk management, it needs a guide to lead enterprises grow up sustainably. Therefore, establishing risk management frame work becomes an inevitable trend. In 2004, COSO issued the enterprise risk management –integrated framework on the base of internal control- integrated framework. This framework make the enterprise risk management get on a new level. As an independent objective assurance and consulting activity, internal auditing helps an organization accomplish its objectives by bringing a systematic and displined approach to valuate and improve the effectiveness of risk management so that it could control and governance processes. Its aim is to add value and improve an organization’s operation condition. FromShow MoreRelatedAn Overview of Auditing17849 Words   |  72 Pagesenvironment 2. Which body has a mission ‘to develop, in the public interest, high-quality auditing and assurance standards and related guidance to enhance the relevance, reliability and timeliness of information provided to users of audit and assurance services’? a. the IAASB. b. the AASB. c. the AUASB. d. the FRC. The corrects option is c. Feedback: Section 1.4 Auditing standards 3. Which of these is not an objective of the ASIC? a. to maintain, facilitate and improve the performanceRead MoreCloud Computing Security67046 Words   |  269 Pagesencourage the adoption of this guidance as a good operating practice in strategic management of cloud services. These white papers and their release schedule are located at: http://www.cloudsecurityalliance.org/guidance/ In another change from the second version, there are some updated domain names. We have these changes: Domain 3: Legal Issues: Contracts and Electronic Discovery and Domain 5: Information Management and Data Security. We now have added another domain, which is Domain 14: SecurityRead MoreAccounting Information System Chapter 1137115 Words   |  549 Pagesadvance of providing services. Therefore, extensive billing and accounts receivable procedures are not needed; instead, they must develop procedures to account for prepaid revenue. Construction firms typically receive payments at regular intervals, based on the percentage of work completed. Thus, their revenue cycles must be designed to track carefully all work performed and the amount of work remaining to be done. Service companies (e.g., public accounting and law firms) do not sell physical goodsRead MoreContemporary Issues in Management Accounting211377 Words   |  846 PagesContemporary Issues in Management Accounting This page intentionally left blank Contemporary Issues in Management Accounting Edited by ALNOOR BHIMANI 1 Great Clarendon Street, Oxford ox2 6dp Oxford University Press is a department of the University of Oxford. It furthers the University’s objective of excellence in research, scholarship, and education by publishing worldwide in Oxford New York Auckland Cape Town Dar es Salaam Hong Kong Karachi Kuala Lumpur Madrid Melbourne Mexico