Case study analysis on The SOX Compliance Journey at Trinity Industries.
In this assignment, you will demonstrate your mastery of the following course outcomes:
· Transcribe formalized or verbal financial processes into both narrative and process flowcharts for identifying gaps resulting in potential material weaknesses
· Summarize advantages and disadvantages of various accounting electronic data processing systems with respect to a specific industry's needs
· Perform substantive testing of accounting systems to ensure processes described by management are accurately reflected within system transactions
· Formulate recommendations for improvements to financial processes based on outcomes of testing
· Assess the effectiveness of companies' internal control structures for producing accurate and reliable financial reports
· Interpret standards as outlined in ISACA and the Public Company Accounting Oversight Board as they relate to compliance within specific industries.