The U.S. Sarbanes-Oxley Act requires evaluation of how public companies implement financial reporting controls. Many companies prepare a risk control matrix to assess risk. Preparing a risk control matrix can help identify pertinent data and often identifies the risks, controls, and monitoring methods to help ensure accurate financial reporting. Based on your employer, prepare a risk control matrix for a particular area within your company. For example, a risk control matrix regarding the filing of corporate taxes. Create a professional memo of 34 pages communicating this profile to the organization's board of directors, including details of the risk and your recommendations for a system of control. Be sure to identify within the memo the strengths and weaknesses of your recommended system.

Resources/Readings:

http://web.b.ebscohost.com.ezp.waldenulibrary.org/ehost/pdfviewer/pdfviewer?sid=627b3c02-f215-40d1-af28-8a7d3ee84952%40sessionmgr198&vid=0&hid=101

AND Chapters 8 and 11 from:

http://wafaa-sherif.com/new/ar/wp-content/uploads/2012/11/Enterprise%20Risk%20Management.pdf