The goal of the research is a comparison of the G7 Countries and their different systems of Internal Control and systems of Risk Management, using the current standards of the United States of America as a benchmark. The research focuses on the frameworks for Internal Control, e.g. COSO I; for Enterprise Risk Management, e.g. COSO II; on country-specific standards as well as on the all-embracing country-specific Corporate Governance Codes. The United States of America took an important step with the implementation of the Sarbanes-Oxley Act (SOX) and other countries were forced to react to...