Whole Network Accounting Compliance Ethics executive pay SOX strategy

 

Tone at the top

Filed in archive Accounting by leon on January 10, 2008

30524666.jpg

Despite best efforts, problems with audits still keep coming up. According to the International Federation of Accountants, improving audit quality requires a massive shake-up of practices and behavior.

Its guidance paper Tone at the Top and Audit Quality outlines five areas in which management can address tone at the top issues. These are strategy, communication, job descriptionslinks, performance appraisals, and monitoring. Examples are also provided to further clarify the types of policies and procedures that are being put in place and the corresponding system of rewards and sanctions.

But some firms might find these changes confronting. With strategy, for example, the focus has to be on quality over commercial considerations. Job descriptions can't be vague and need to emphasize competency and continuing professional development. Quality needs to be part of the performance appraisal system and compensated. Similarly, the quality control system needs to be tested regularly.






Permalink: Tone at the top
Tags: tone  at  the  top    International  Federation  of  Accountants    2007  book+yours 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/108944

Related Entries:

Students Using a Ring Tone Techers Can't Hear - 18 June 2006

Tone up your critical areas - 04 May 2007

Tone your thighs - 03 August 2007

Put Your Best Tone Forward - 21 November 2007





RSSrss   | See all blog subscribe options
Google google   |   What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter
Grouptivity

Use the search to look for other interesting posts



 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give us a call at +1 (650) 331 4900.




  • Other blogs in the same channel in the Creative Weblogging Network







 

Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy