Framework for Evaluating Internal Controls Over Financial Reporting

In the next paper in this issue, Jawahar Thakur and Nalin Kumar Srivastava also make the case for extending the remit of audit activity. In this case they develop a framework for a generic evaluation of the internal controls of government financial reporting. This is an interesting alternative, or complement, to adopting international standards and we would welcome comments on the approach which Jawahar and Nalin suggest.
Framework for Evaluating Internal Controls Over Financial Reporting in Sovereign Governments