Title

Security and Control Within the Semantics of the REA Model

 

Presenters

Graham Gal

Department of Accounting and Information Systems

Isenberg School of Management - UMass Amherst

 

Length:

90 minutes

 

Workshop Description

The passage of the Sarbanes Oxley legislation has brought the issue of internal controls to the attention of the accounting profession again. As the profession looks to satisfy the requirements of the legislation, frameworks such as the COSO and COBIT become invaluable as they guide the process of evaluating internal controls.  These frameworks are of particular importance to auditors as the pervasive nature of controls makes their objective evaluation difficult.  As the primary objective of any system of controls is to ensure that business processes are functioning correctly this workshop will begin with an examination of work on developing process model languages.  The workshop will then look at developing a process model within the REA framework.  This model will be extended to include a model of all business processes and the collection of information necessary to evaluate the functioning of internal controls within these processes.

 

Contact

gfgal@som.umass.edu

Requirements

It is assumed that all participants will have a background in the COSO and CoBit frameworks although basic concepts will be covered.  Microsoft Access will be used to demonstrate some of the concepts developed during the session so some knowledge of this software would also be beneficial.