IIA Webcast

1
Gary R. McGuire, CIA, CPA Vice President, Group
Audit Services Alcatel Americas
2
Sarbanes-Oxley ActSection 404 Attestations
3
Internal Control Evaluation

• Group Audit Services report on Internal Controls
  Procedures for
• Financial Reporting
• Results of internal audits to date
• Corrective actions taken by management
• Management control self-assessments

4
Control Self-Assessment Surveys

• Questionnaire developed by GAS
• 60 COSO-based questions
• Focused on financial reporting controls
• 100-point scale
• Completed by 115 CFOs worldwide
• Overall assessment
• No supporting documentation required

5
CSA Results

• Risk assessment audit plan input
• Testing of results - documentation corrective
  actions
• Opinion as to adequacy of CSA assertions
• Substantive testing
• Corrective action follow-up
• Comprehensive timely
• Audit follow-up process

6
Agenda
100 - 110 Introduction Overview of Annual
Certification of Controls - Dave
Richards 110 - 117 Methodology - Sheryl
Hildebrand 117 - 124 Testing the Controls -
Gary McGuire 124 - 130 FDIC Certification
Experience - Brian Szabo 130 - 145 External
Auditor Attestation - Gary Stauffer 145 -
150 Break 150 - 225 Questions Answers -
Panel 225 - 230 Concluding Remarks - Dave
Richards