An evidential reasoning approach to Sarbanes-Oxley mandated internal control risk assessment

Theodore J. Mock, Lili Sun, Rajendra P. Srivastava and Miklos Vasarhelyi

International Journal of Accounting Information Systems, 2009, vol. 10, issue 2, 65-78

Abstract: In response to the enactment of the Sarbanes-Oxley Act 2002 and of the release of the Public Company Accounting Oversight Board (PCAOB) Auditing Standard No. 5, this study develops a risk-based evidential reasoning approach for assessing the effectiveness of internal controls over financial reporting (ICoFR). This approach provides a structured methodology for assessing the effectiveness of ICoFR by considering relevant factors and their interrelationships. The Dempster-Shafer theory of belief functions is utilized for representing risk.

Keywords: Sarbanes-Oxley (SOX); PCAOB Audit Standard No. 5; Internal control over financial reporting; Evidential reasoning; Risk-assessment; Theory of belief functions (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ijoais:v:10:y:2009:i:2:p:65-78

DOI: 10.1016/j.accinf.2008.10.003

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