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PCAOB to host small issuer events
As you may know, the PCAOB is reaching out to small companies with two events in October. One forum is set for Oct. 1, at the Sofitel Hotel in Chicago. The second is set for The Rittenhouse Hotel in Read more...
Sarbox and financial statement fraud
Sarbanes Oxley was intended primarily to combat financial fraud. But with Sarbox we've all gotten used to some unintended consequences. In that vein, some recent findings from the Association of Read more...
Sign of times: Chief Risk Officers in demand
Not too long ago, we were talking about companies installing more chief compliance officers. Now, more companies are considering adding chief risk officers, especially in financial services, notes Read more...
Audit conflicts must go!
We recently suggested it would be a good idea for firms to get rid of all potential conflicts of interest in Read more...
Time commitments for audit committee members?
It's an old and tired issue: Board members serving on so many boards that they can't really be effective. Sarbanes-Oxley made being a director a lot less cushy, so we haven't heard much about it Read more...
What constitutes a good job by an audit committee?
The audit committee at VeriFone Holdings seems to be taking the bull by the horns. It led an internal investigation into inventory accounting issues that turned up a hornet's nest of problems that Read more...
Tough time to serve on an audit committee
We've noted that serving on an audit committee is not an easy gig right now, especially at a financial services firm. Auditors are feeling a certain amount of pressure to take a hard line on Read more...
Time to consider a virtual forensic auditor
The name is catchy and topical--Virtual forensic auditor. A group of vendors--such as Oversight Systems, ACL Services and Approva--are marketing products that monitor systems and transactions Read more...
Audit committees wrestle with new powers
Just how activist should an audit committee be? That's a big question at many companies, even five years after Sarbanes Oxley was passed. At some firms, according to cfo.com, management still seems a Read more...
Silicon Valley boards reshaped by Sarbox
Five years after Sarbanes Oxley, companies in Silicon Valley have reshaped their boards, according to the San Jose Mercury News. Nearly all have a director with financial expertise in their audit Read more...