COSO之后的管理报告外文翻译.docVIP

外文文献翻译 原文： MANAGEMENT REPORTS AFTER COSO Authors: K．Ragahunandan and D．V RamaWhen it comes to management reports on internal controls, most Fortune 100 companies do their own thing. The issue of management reports on internal controls has been addressed by many authorities, including the National Commission Fraudulent Financial Reporting (Treadway Commission) and the Securities and Exchange Commission. internal Control-Integrated Framework, issued in 1992 by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission, covered the issue of management reporting on internal control in significant detail and provided guidance as to what should be addressed in such reports. The Federal Deposit Insurance Corporation Improvement Act of 1991 included a provision mandating internal control reporting by management for insured depository institutions with assets of more than $500 million. It has been suggested that if this legislation is perceived to be effective, it could have future implications for all public companies. Earlier versions of proposed legislation relating to financial fraud detection and disclosure have included provisions that would have required management to include a report on internal controls in audited financial statements. In the absence of mandatory requirements for management reports on internal controls, some companies voluntarily include such a report.. An analysis of the 1993 annual reports of Fortune 100 companies disclosed that only 80 of the 100 companies included a management report on internal control in their annual report; and even though the COSO report provided specific guidelines about issues to be addressed in such reports and provided three models for such reports, the reports are quite diverse. Internal Control Effectiveness All of the 80 reports stated that they maintained an internal control system and described their internal control system in varying levels of detail. However, stating that an internal contr