Match Word Bank Audit Clawback dodd frank act etical path e

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Word Bank

Audit, Clawback , dodd frank act, etical path, ethics, fraud triangle, internal control, prevention, sarbenes- oxley act

Recovery of excess incentive compensation. Promotes accountability and transparency, and protects consumers from abusive financial services Examines whether financial statements are prepared using GAAP; it does not ensure absolute accuracy of the statements Requires documentation and verification of internal controls and increases emphasis on internal control effectiveness Procedures set up to protect company property and equipment, ensure reliable accounting, promote efficiency, and encourage adherence to policies A less expensive and more effective means to stop fraud.

Solution

Recovery of excess incentive compensation Clawback Promotes accountability and transparency, and protects consumers from abusive financial services. Dodd Frank Act Examines whether financial statements are prepared using GAAP; it does not ensure absolute accuracy of the statements Audit Requires documentation and verification of internal controls and increases emphasis on internal control effectiveness. Sarbanes-Oxley Act Procedures set up to protect company property and equipment, ensure reliable accounting, promote efficiency, and encourage adherence to policies. Internal control A less expensive and more effective means to stop fraud. Prevention