What is a sub certification process?
The certification, referred to as sub-certification, includes specific assertions relating to internal controls and financial accountability within the organizational units of the University.
What is Sox sub certification?
In a nutshell, SOX 302 requires that your CEO and CFO attest to the accuracy and completeness of your financial statements. In order to execute that responsibility companies often form a Disclosure Committee to assist in gathering information, reviewing reports, and ensuring internal controls are in place.
What is a 302 sub certification?
3. Content of Certification. Section 302 of the Act states that the required certification is to made by an issuer’s principal executive officer or officers and principal financial officer or officers, or persons performing similar functions. The required certification contains several statements.
What are the responsibilities of management under the SOX Act Section 404?
The management is responsible for setting up an adequate internal control structure and procedures for preparing financial statements. At the end of each fiscal year, the management is required to assess the effectiveness of the issuer’s internal control structure and financial reporting procedure.
What is purpose of sub certification?
Sub-certification is intended to reduce an organization’s risk of fraud by adding more accountability within the organization, strengthening internal controls, and helping organizational employees have a greater understanding of their roles and responsibilities (Vance 2010).
What is COSO Control Framework?
The COSO Framework is a system used to establish internal controls to be integrated into business processes. Collectively, these controls provide reasonable assurance that the organization is operating ethically, transparently and in accordance with established industry standards.
What do you need to be a substitute teacher in AZ?
Substitute K-12 Requirements: A Bachelor’s degree from an accredited institution. Official transcript(s) required. A valid Arizona Department of Public Safety Identity Verified Prints (IVP) fingerprint card (plastic).