Securities And Exchange Commission: Continued Management Attention Would Strengthen Internal Supervisory Controls

United States. Government Accountability Office.

United States. Government Accountability Office.

关键词: Government accountability -- United States.;    government operations;    financial markets and institutions;    auditing and financial management;    securities and exchange commission;   

RP-ID  :  GAO-13-314
RP-ID  :  653942

美国|英语

来源: UNT Digital Library

【 摘 要 】

A letter report issued by the Government Accountability Office with an abstract that begins "After the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) in 2010, the Securities and Exchange Commission's (SEC) Office of Compliance Inspections and Examinations, Division of Corporation Finance, and Division of Enforcement (herein "the offices") established a working group that developed an internal supervisory control framework. Internal supervisory controls include the processes established by management to help ensure that procedures applicable to staff are performed completely, consistent with applicable policies and procedures, and remain current. The overall control framework is generally consistent with federal internal control standards, which includes identifying and assessing risks, identifying and assessing internal controls, and reporting the results of testing to management and Congress."