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1、外文翻譯原文InternalControlsandManagingEnterprise-WideRisksMaterialSource:http://www.china-review.org/461.docAuthor:JohnFarrellInadditiontocomplyingwiththesweepingreformsincorporategovernanceandfinancialreportingfollowingtheSarbanes-OxleyAct,companiescanbenefitfurtherbyadoptin
2、gabroaderviewthatencompassesanenterprise-widerisk-managementoutlook.Thisapproachisespeciallyapplicabletosection404oftheSarbanes-OxleyAct,whichdealswithmanagement’sassertionregardingtheeffectivenessofitsinternalcontrolsoverfinancialreporting.Ascompaniesworktocomplywiththe
3、senewrules,theycanbuildtheirsection404workintoanopportunitytoaddressotheraspectsofriskthroughouttheorganization,includingfinancial,legal,andoperational.Theemergingtrendofevaluatingandmonitoringtherangeofbusinessrisks—includingthoseassessedinaninternalcontrolreview—mayhel
4、pcompaniessimultaneouslymeetstrategicgoals,boostshareholderandstakeholdervalue,andfocusongoodgovernance.Self-AssessmentFulfillingthemandatesofsection404neednotbeanobstacletoimplementinganenterpriserisk-managementeffort.Instead,thecomplianceprocesscanenablecompaniestofocu
5、sonenterprise-widerisksthroughadistributedevaluation—thatis,aself-assessmentofriskandcontrol.Thisevaluationassignsresponsibilityfortheassessmenttothosewhoare“closesttotheaction”—inotherwords,thosemostdirectlyinvolvedinthecontrolovereachprocess.Suchanapproachcanhelpcompan
6、iesachieveabetter-balancedriskandcontrolstatus.Conventionalwisdomformerlyheldthatresponsibilityforinternalcontrolswasdelegatedtoanorganization’sfinancialgroup.Accordingtocurrentthinking,however,internalcontrolsareownedbythosewithinthebusinesswhomanagedailyoperationsandwh
7、odependonthecontrolsforachievingtheirgoals.Thesecontrolprocessownersarewellpreparedtoperformthedistributedevaluationofidentifying,evaluating,andmanagingpertinentriskstoassistthebusinessinachievingits7financialgoals.TheSarbanes-Oxleyrulesreinforcethevalueofsuchrisk-basede
8、valuations.Ifacompanylooksaheadoneyear,howcanitmeasuresuccessbeyondmerecompliancewithregulatoryrequirem
