Using a Movie to Study the COSO Internal Control Framework: An Instructional Case.

• Autores: Arline Savage, Carolyn Strand Norman, Kathryn A. S. Lancaster
• Localización: Journal of information systems, ISSN 0888-7985, Vol. 22, Nº. 1, 2008, págs. 63-76
• Idioma: inglés
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• Resumen

  • Following enactment of the Sarbanes-Oxley Act (SOX) of 2002 (U.S. House of Representatives 2002), public accounting firms and publicly traded companies are much more focused on internal controls. Accordingly, many accounting graduates will be asked to evaluate, document, and perhaps test the adequacy of an organization's internal control structure. The Committee of Sponsoring Organizations' (COSO 1992) Internal Control--Integrated Framework is the most widely used tool for this purpose. This instructional case, based on the movie, Rogue Trader, gives students the opportunity to see the consequences of lax corporate governance and weak internal controls at the Barings Bank. Students view the movie and then use the COSO framework to critically analyze the collapse of a well-established financial institution.