Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
Inside Sarbanes Oxley — All the SOX news that's fit to print — Page 3

SOX Life Blog: Reader Question – Understanding & Evaluating Segregation of Duties

April 17, 2008

I appreciate when readers share their challenges in applying issues and concepts, as invariably there are an additional dozen people also struggling with this same topic. One professional writes: I am new at this and need to understand about SOX and SOD, do you have any other resources? I am looking for Purchases Orders to [...]

Read the full article →

PCAOB Considers Adopting New Ethics and Independence Rule Concerning Communications with Audit Committees and Amending its Existing Tax Services Rule

April 17, 2008

The Public Company Accounting Oversight Board has scheduled an open meeting for Tuesday, April 22, at 9:30 a.m. in the Board’s open meeting room at 1666 K St. NW, Washington, DC. The Board will consider adopting Rule 3526, Communication with Audit Committees Concerning Independence, which would supersede the Board’s interim independence requirement, Independence Standards Board [...]

Read the full article →

Segregation of Duties Whitepaper: Minimizing the Cost and Complexity of Sarbanes-Oxley Compliance

April 16, 2008

Another resource available for those seeking to better understand and manage their SOD risks and issues. Corporate and IT executives continue to feel the pressures of assuringfederal regulators, auditors, boards of directors, and stockholders thatcorporate financial statements are accurate and precise. Additionally, theymust ensure that the personnel responsible for working with financialinformation don’t have inherent [...]

Read the full article →

Changing Ethics Compliance Rules And Their Potential Impact On Government Contractors And Investors

April 16, 2008

Recently, the US Government implemented a new rule and proposed yet more rules regarding ethics and corporate compliance programs for government contractors. This marks a continuing shift towards adopting a more aggressive approach in addressing government contractor fraud, which is similar to the protocols applied to other sectors of US industry. The enacted rule addresses [...]

Read the full article →

Cox Seeks $1B Boost from Congress

April 16, 2008

Securities and Exchange Commission chairman Christopher Cox asked Congress to approve his nearly $1 billion budget request for fiscal year 2009. If lawmakers agree the SEC needs its first budget increase in three years, the commission will have realized a roughly 4 percent increase and be able to keep its staff levels the same as [...]

Read the full article →

The Changing Atmospherics of Corporate Crime Sentencing in the Post Sarbanes-Oxley Act Era

April 11, 2008

The Sarbanes-Oxley Act of 2002 has been viewed as a watershed event in dealing with corporate fraud. In addition to its extensive provisions dealing with internal controls and corporate accounting procedures, the law adopted new crimes and pushed the United States Sentencing Commission to enhance the Federal Sentencing Guidelines provisions for fraud and related offenses. [...]

Read the full article →

SOX Life Blog: Flagging the “SEC’s SOX for Small Business Reference”

April 10, 2008

Dreading your pending SOX initiative? Or the thoughts of IPO? Or how you might refine your implementation? Hopefully, “Sarbanes-Oxley Section 404A Guide for Small Business” from the SEC takes some of the sting out of it. This incorporates much of the thinking and discussion in the last 18 months about “how much is enough” for [...]

Read the full article →

How Long Should It Take to Restate?

April 10, 2008

Sometimes after announcing they need to restate their financials, companies go into shutdown mode. For up to two years, investors won’t see a regulatory filing or hear a significant financial peep while a company tidies up its past. The Securities and Exchange Commission’s Advisory Committee on Improvements to Financial Reporting (CIFR) hopes to reduce the [...]

Read the full article →

US company restatements soared 1997 to 2006–study

April 9, 2008

The frequency of financial restatements by U.S. public companies began to increase before the Sarbanes-Oxley corporate reform law was passed in 2002, according to a study commissioned by the U.S. Treasury Department and released on Wednesday. But restatements associated with fraud and revenue declined after 2001, said the report authored by Susan Scholz, a University [...]

Read the full article →

Blame for restatements may need a rethinking

April 9, 2008

The growing number of companies restating their financial results has been cited as a reason to ease U.S. accounting standards by the Securities and Exchange Commission and Treasury Department. But the restatement problem may not be the big bad wolf it was originally thought to be. Two studies released recently indicate that not only have [...]

Read the full article →