Validating Operational Effectiveness (Testing of Controls) (KLplus CPE Course)
For Management to assert that internal control over financial reporting is effective, evaluating design effectiveness and validating operating effectiveness are both required. Validating operating effectiveness is the process of determining that the controls are operating as designed.
CONTENT AREA: Sarbanes-Oxley
TOPICS: Training & Development, Sarbanes-Oxley Act, Section 404-Internal Control Reporting, Internal Controls, Financial Reporting