Book Description
"Scott Green has provided us with a book on management controls that is as engaging as it is illuminating. I enthusiastically recommend this book to managers of financial institutions of any size."—John Duffy, Chairman of Keefe, Bruyette & Woods
"Recent, widely publicized business failures and accounting deficiencies that were a contributing cause make a strong case for a comprehensive system of controls, such as those proposed in Scott Green's book."—Orval Hansen, Former U.S. Congressman
"A necessary read for any director, executive, or line manager who is serious about monitoring the health of their internal control structure."—Holly Gregory, Partner at Weil, Gotshal & Manges
"A must-read . . . is the chapter on the 'Control Smart' approach. This chapter, which will clearly help businesses monitor themselves, covers all the key factors necessary to 'erase vulnerabilities and erect a strong [control environment] defense,' ranging from pinpointing coming threats and knowing your vulnerabilities to protecting your business and monitoring its health."—Herman A. Berliner, PhD Provost and Senior Vice President for Academic Affairs, Lawrence Herbert Distinguished Professor Hofstra University
Manager's Guide to the Sarbanes-Oxley Act
In reaction to high-profile frauds and congressional legislation, the SEC mandated that managers of public companies certify that they have an operational system of internal controls. While larger companies can afford to spend millions of dollars to implement control system monitoring tools, managers of small to mid-sized companies can be unsure of how to move forward if their budgets can't accommodate expensive advisors and systems. Manager's Guide to the Sarbanes-Oxley Act provides a highly accessible, simple, and practical approach to help you assess your internal control structure at the transaction level.
Designed to be "a cure for the Sarbanes-Oxley headache and common fraud," Manager's Guide to the Sarbanes-Oxley Act introduces the groundbreaking and practical "Control Smart" approach that not only meets the requirements of Sarbanes-Oxley, but also alerts you if operational controls stop working or are otherwise compromised. This simple template helps you identify and understand operational threats, and guides you through a comprehensive evaluation of your system of internal controls to mitigate these risks.
Manager's Guide to the Sarbanes-Oxley Act features:
- A razor-sharp method to monitor the opera- tional risks inherent in your business
- Numerous real-world examples illustrating how to avoid common pitfalls, such as those faced by Harvard University's Hasty Pudding Theatricals, Adelphia Communications, and Bridgestone Corporation (Firestone)
- Case studies and vignettes highlighting the personalities at Enron and Tyco who enabled a fraudulent corporate culture, as well as what one person did right to reveal the smoke-and-mirrors accounting practiced at WorldCom
- Clear, jargon-free coverage of the Sarbanes-Oxley Act and how it affects you
Armed with this hands-on guide, you can detect early signs of fraud and operational loss, and safeguard your job, your employees' jobs, and the long-term success of your company. Don't let fraud derail your career. Protect yourself with the fail-safe Control Smart method found in Manager's Guide to the Sarbanes-Oxley Act.
