a Sift Media publication

Over 23,000 pages of accounting passion and insight! |

Sarbanes-Oxley

Review of the PCAOB's Enforcement and Investigations Program

01/26/2012 - 11:46 - 875 reads

In his January 2012 letter to Mary Schapiro, chairman, SEC, James Doty, Chairman, PCAOB, stated, "I am pleased to transmit to you a summary of the PCAOB's most recent performance review, Review of the Public Company Accounting Oversight Board's Enforcement and Investigations Program."

In Memory of Larry Ribstein

01/04/2012 - 11:00 - 366 reads

Legal scholar Larry Ribstein, founder of the Ideoblog and contributor to Truth on the Market (TOTM), well-known for his wide-ranging contributions to legal theory and debate (including re: Sarbanes-Oxley Section 404, which brought his work to my attention), passed away just before Christmas.

FEI

Increased motivation for whistle-blowing

11/18/2010 - 16:58 - 3181 reads

New statutory and regulatory changes provide greater rewards to individuals who blow the whistle on fraudulent activities and to organizations that actively encourage an effective ethical culture.

What is known, unknown about financial reform law

09/24/2010 - 15:23 - 2798 reads

At 2,300 pages, the Dodd-Frank Wall Street Reform and Consumer Protection Act is, by most definitions, a monumental piece of legislation. It also is one of the most sweeping reforms of the American financial system since the Great Depression.

PCAOB addresses failure-to-supervise provision

08/06/2010 - 16:52 - 2422 reads

The Public Company Accounting Oversight Board has issued its views regarding the provision of the Sarbanes-Oxley Act of 2002 that authorizes the PCAOB to impose sanctions on registered public accounting firms and their supervisory personnel for failing to reasonably supervise associated persons.

Additional details on new financial reform act

07/22/2010 - 23:21 - 4018 reads

Currently consumer protection for various financial products, such as credit cards and mortgages, falls to different groups. The Restoring American Financial Stability Act of 2010 (RAFS), signed into law by President Barack Obama this week, changes all that.

What CPAs need to know about Cloud security

07/05/2010 - 16:59 - 2934 reads

No computing environment is completely secure. However, some environments are more secure than others.

UPDATE: Supreme Court rules PCAOB violates Constitution's separation of powers principle

06/30/2010 - 12:12 - 10892 reads

The U.S. Supreme Court this week ruled that the Public Company Accounting Oversight Board violates the U.S. Constitution's separation of powers principle.

More whistleblowers needed, organizational transgression appears to be growing

06/02/2010 - 18:00 - 3332 reads

Whistleblowers are still a major source for uncovering fraud and wrongdoing within companies, but being a whistleblower is a difficult, arduous process with an uncertain conclusion.

Not all restatements are the same to the stock market

03/23/2010 - 14:32 - 4817 reads - 1 comment

Market reaction to the announcement of an accounting restatement is generally negative, but not all restatements are regarded alike, according to a study by Audit Analytics of the 1,876 restatements filed in 2006, when restatements were at a record high.

Welcome Visitor!

Already have an account? Sign in:

Forgotten your password?

Join us

Connect with us

Sarbanes-Oxley in the Workplace

Eight years after the implementation of Sarbanes-Oxley, companies are finding new areas of concern. The rise in popularity of Software-as-a-Service (SaaS) raises the issue of how data security correlates with regulatory compliance. This is the kind of thing that keeps auditors up at night. Amanda Finch, Director, Strategic Alliances, Journyx, has provided some insights into the SOX/SaaS issue, and other SOX-related articles are grouped on this page as well. As always, feel free to leave your own two cents in the comment area at the bottom of any article, and contact me if you would like to contribute content to this or any other area of our site.