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CEO/CFO certification

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With the arrival of CEO/CFO certification requirements, companies now face rising costs, increased workloads and new challenges. But as we’ve learned working with over 800 companies across North America, embracing the spirit of the new requirements can lead to improved disclosure controls, more efficient processes and enhanced reputation. Starting early, establishing a strong “tone at the top,” and building a sustainable compliance process are key elements on the road to success.

Mapping out the steps to certifying disclosure controls and procedures

The first phase of complying with new regulations involves identifying, designing and evaluating disclosure controls and procedures. Here are the steps to effective certification.

Mapping the steps to disclosure control certification
   Internal controls timelineRationalize compliance costs
The certification process is labour-intensive. Technology can help control the costs — without sacrificing compliance — by automating internal controls documentation and continuous monitoring. 		Protect against fraudProtect against fraud
Measures to prevent and detect fraud are an integral part of certifying internal controls. Learn how to establish an effective anti-fraud program. 
IT application controlsIT application controls
Certifying automated IT controls is key to compliance. But identifying and testing embedded application controls poses some challenges. Baskaran Rajamani offers some solutions. 		Helping boards manage riskHelping boards manage risk
Today’s regulatory requirements have changed the risk equation for companies. Eddie Leschiutta, leader of Enterprise Risk Services, describes what the new rules mean for corporate boards.
Crown corporation certificationCrown corporation certification 
The public sector is not currently subject to the new CEO/CFO certification requirements. But voluntary certification can enhance accountability.		The role of internal auditThe role of internal audit
Exploring the role of internal audit in the certification process. Read the October 2005 installment of CEO/CFO Certification News. 

Related Links
Rationalizing your internal controls
The benefits of good governance
Business Risk Management Seminar Series
CEO/CFO Certification
CEO/CFO Certification News archive
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