Title: Class Outline 27
Course: KVCC BUS118 > Section: Class Outlines

1.      Public vs Private companies

a.      Stocks

b.      Bonds

c.      Securities

2.      Security and Exchange Commission

3.      Why is this important/examples of problems

4.      Enron

a.      What happened?

b.      What was the impact?

5.      Financial reporting

a.      Form 10-K

b.      Form 10-Q

c.      Form 8-K

i.           Reasons to file pg 195

6.      Sarbanes-Oxley Act – 2002

a.      Purpose

i.           11 titles pg 196

b.      Requirements

i.           Public Company Accounting Oversight Board

1.      Self-regulating profession

2.      Duties pg 198

3.      Membership

4.      Auditing standards

a.      GAAP

b.      Standard 5

5.      Is it constitutional

ii.           Document Retention

Certification

a. Disclosure Controls b. Internal Controls

1.      Internal controls over financial reporting ICFR

2.      Reasonable assurance pg 203

3.      COSO Framework
1. 5 components pg 204

4.      Section 404
1. Internal controls & IS goals

5.      Service Organization Control SOC reports

1.      SOC 1 – controls at service organization that is relevant to user entities

2.      SOC 2 – controls at service organization related to security

3.      SOC 3 – trust services report for service organizations

3. Oversight – SEC

4. Compliance and Security Controls

a. COBIT

b. GAIT

c. ISO/IEC Standards

d. NIST

5. SOX influence on other types of companies 6. Corporate Privacy issues

a. Employee data b. Customer data c. Corporate data

7. Case Studies

Attached Files: | - KVCC BUS118_LegalAspectsBusInfoSys_Class Outlline 27(1).pdf