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Web Url: http://toostep.com/Government_law_college_mumbai
Category: School Alumni
Country: India
School Name: Government Law College, Mumbai
Streams: Law
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Topic of the week :  Process-based compliance management     Go to Topic
Compliance is a critical enterprise management concern, particularly in...
 
The most contentious aspect of SOX is Section 404, which requires management and the external auditor to report on the adequacy of the company's internal control over financial reporting (ICFR). This is the most costly aspect of the legislation for companies to implement, as documenting and testing important financial manual and automated controls requires enormous effort. Under Section 404 of the Act, management is required to produce an “internal control report” as part of each annual Exchang
 
The underlying aim of Basel II is to promote safety and soundness in the financial system by allocating capital in organisations to reflect risk more accurately. This can be attained only by the combination of effective bank-level management, market discipline and supervision. Basel II will impact the entire spectrum of banking, including corporate finance, retail banking, asset management, payments and settlements, commercial banking, trading and sales, retail brokerage and agency and custody
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