SOX 404 Top–Down Risk Assessments (TDRA)
(การประเมินความเสี่ยงจากบนลงล่างตามมาตรฐาน SOX 404 (TDRA))
Definition
SOX 404 Top–Down Risk Assessments (TDRA) (การประเมินความเสี่ยงจากบนลงล่างตามมาตรฐาน SOX 404 (TDRA)) Hard Skill
The process of identifying and evaluating financial reporting risks using a top-down approach in compliance with Sarbanes-Oxley Act Section 404 requirements, ensuring effective internal controls over financial reporting.
Expertise Level
Level 1
Basic
1. Understands the purpose and importance of SOX 404 and TDRA.
2. Can identify basic financial reporting risks in a simple organizational context.
3. Recognizes key components of a top-down risk assessment process.
Level 2
Intermediate
1. Conducts top-down risk assessments following SOX 404 guidelines with moderate supervision.
2. Identifies and assesses financial reporting risks across multiple business processes.
3. Collaborates with stakeholders to gather relevant data for risk evaluation.
4. Applies understanding of internal controls to determine risk significance and potential impact.
Level 3
Advanced
1. Leads comprehensive top-down risk assessments complying fully with SOX 404 requirements.
2. Designs and improves risk assessment frameworks and methodologies.
3. Analyzes complex financial data to identify systemic risks and control deficiencies.
4. Provides strategic recommendations to strengthen internal controls and mitigate risks.
5. Trains and mentors team members on TDRA best practices and compliance.
