What is the opinion based on the Treadway Commission Why is the Treadway Commission so important (See paragraphs below) Please raise thoughtful questions, analyze relevant issues, build on ideas, synthesize across readings and discussions, expand the class perspective, and appropriately challenge assumptions and perspectives The Treadway Commission was formed in 1985 in response to corporate America's lackluster response to calls for ethical standards and good corporate governance Its mission was to identify the factors that could lead to fraudulent financial reporting and identify steps to reduce its incidence The textbook listed three major objectives of the commission Prevent fraudulent activities related to financial reporting and detect fraudulent activities sooner as soon as it occurs Enhance the ability of independent auditors to detect fraud and consider changes in auditing standards and procedures that would reduce fraudulent activity in financial reporting Identify attributes of corporate structure that promotes acts of fraudulent financial reporting or failed to detect such activities The body was jointly sponsored and funded by American Institute of Certified Public Accountants (AICPA), the American Accounting Association (AAA), the Financial Executives Institute (FEI), the Institute of Internal Auditors (IIA), and the National Association of Accountants (NAA) , issued a strong urging for more effective audit committee The Treadway Commission is particularly important here in the U S because the Committee of Sponsoring Organizations (COSO) of the Treadway Commission has issued a framework for identifying, assessing and managing risks It also provided the definition of the internal controls in its document named Internal Control Integrate Framework and is a major source of guidance for internal auditors COSO defined internal control as, Internal control is a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting and compliance

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What is the opinion based on the Treadway Commission? Why is the Treadway Commission so important? (See paragraphs below) Please raise thoughtful questions, analyze relevant

What is the opinion based on the Treadway Commission?Why is the Treadway Commission so important?(See paragraphs below) Please raise thoughtful questions, analyze relevant issues, build on ideas, synthesize across readings and discussions, expand the class perspective, and appropriately challenge assumptions and perspectives.

The Treadway Commission was formed in 1985 in response to corporate America's lackluster response to calls for ethical standards and good corporate governance.Its mission was to identify the factors that could lead to fraudulent financial reporting and identify steps to reduce its incidence.The textbook listed three major objectives of the commission:

Prevent fraudulent activities related to financial reporting and detect fraudulent activities sooner as soon as it occurs.
Enhance the ability of independent auditors to detect fraud and consider changes in auditing standards and procedures that would reduce fraudulent activity in financial reporting
Identify attributes of corporate structure that promotes acts of fraudulent financial reporting or failed to detect such activities.

The body was jointly sponsored and funded by American Institute of Certified Public Accountants (AICPA), the American Accounting Association (AAA), the Financial Executives Institute (FEI), the Institute of Internal Auditors (IIA), and the National Association of Accountants (NAA)., issued a strong urging for more effective audit committee.

The Treadway Commission is particularly important here in the U.S. because the Committee of Sponsoring Organizations (COSO) of the Treadway Commission has issued a framework for identifying, assessing and managing risks.It also provided the definition of the internal controls in its document named Internal Control: Integrate Framework and is a major source of guidance for internal auditors.COSO defined internal control as, "Internal control is a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting and compliance."