Discussion Post A
Read the 2013 CSO Framework and SOX Compliance: One Approach to an Effective Transition.
Support or critique the idea that the Committee of Sponsoring Organizations of the Treadway Commission (COSO) transition would strengthen internal controls over financial reporting in publicly traded companies. Provide your rationale.
Discussion Post B
Evaluating data reliability is a critical part of the audit process. Explain the differences among the following in terms of reliability:
a. Data from internal versus external sources.
b. Written data versus verbal conversation records.
c. Data obtained from direct versus indirect methods.
d. Data obtained from original documents versus electronic scans.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.