Essential Project Investment Governance and Reporting: Preventing Project Fraud and Ensuring Sarbanes-Oxley ComplianceOfficial reference material for the Portfolio Management Professional (PfMP)SM Credential Examination Many businesses are not properly considering the risks inherent in reporting project investments in compliance with the new Sarbanes-Oxley federal law. This represents a very real threat to these organizations, their senior executives and project managers. This book introduces proactive best processes for ensuring proper financial reporting of project investments and techniques for preventing, detecting, and managing the risks of fraud in projects. The authors provide a roadmap for implementing a project fraud policy that will ensure corporate governance compliance with Sarbanes-Oxley. |
Contents
| 3 | |
Project Failure and Possible Fraud Case Study | 17 |
Questions | 29 |
Questions | 37 |
Understanding Internal Control and Using It as a Model | 47 |
Questions | 54 |
Questions | 61 |
Questions | 73 |
Questions | 156 |
Questions | 168 |
Questions | 175 |
Searching for Project Fraud within the Project | 176 |
Questions | 193 |
Questions | 211 |
The Executive Proposal for SarbanesOxley Section 404 | 213 |
Reference | 221 |
References | 89 |
References | 102 |
Specific Responses to Key Project Fraud Risks with | 103 |
Reference | 119 |
Questions | 130 |
Questions | 140 |
Creating a Safety Net for the Project Teams | 148 |
Common terms and phrases
accounting achieve actions activities Added alignment and/or appropriate approved assessment assets associated auditors benefit business unit Chapter commit committee communication completed compliance conduct considered corporate governance corporate objective cost create critical defined documents effective employees ensure environment EPM tool established estimates Examiners example executive expected expenses fiscal fraud prevention function further identified impact implement improve initial integrity interest internal auditing internal control lead manner materials meeting ment occur operating opportunity organization percent performance portfolio positive potential prevention and detection procedures progress project delivery project fraud management project investments project management project schedule project team questions reduce reporting requirements responsibility risk role specific sponsor standard statement status Step strategic survey task team members True or false understand vendor visibility