Tuesday, October 31st, 2006
Supporting Corporate Compliance: What are your rights in an Audit?
Free Roundtable discussion at ITA Chicago on November 14th, 2006 at 12:00 – 1:30 p.m.
[Naperville] 11/14/2006 - The Radian Group presents a free industry discussion for IT Management professionals and those dealing with the issues of Compliance Management for SMBs – both those companies that are publicly held and those considering IPO strategies in the future.
Many ideas and experiences will be shared from industry experts to help turn these challenges into opportunities. IT departments continue to be under pressure to support more and more of the ever growing Corporate Compliance requirements being placed on their organizations – this session offers a way for them to get control over the audit and be a hero to the boardroom when meeting those challenges.
The November 14th Roundtable discussion will be held from 12:00 – 1:30 p.m. at Illinois Technology Association Conference Centre, 200 S. Wacker – 15th floor, Chicago, IL 60101. Registration begins at 11:45 a.m.
For more information and to pre-register to secure your seat, visit www.RadianCompliance.org/events/
The Radian Group is a Naperville based IT Services firm specializing in Information Technology Solutions.
Posted in Compliance Management, General, Sarbanes Oxley | No Comments »
Monday, October 30th, 2006
Pressed by risk-averse auditors and stringent regulators, finance executives say they’ve been awash in a vast sea of details, with little ability to set priorities about what to focus on in their compliance efforts, and many finance chiefs favor a “risk-based” strategy of Sarbox adherence. Instead of pursuing a checklist approach that calls for managers to put the same level of effort into mending each risk, the strategy would enable executives to channel corporate energies into the most serious problems.
(Source: CFO.com, 2006-02-10)
Posted in Compliance Management, Sarbanes Oxley | No Comments »
Thursday, October 26th, 2006
Looking at the rash of board member and C-level executive resignations that have resulted from the stock option backdating scandal, some observers say that corporate America needs Sarbanes-Oxley to maintain the transparency and level of corporate governance necessary to protect shareholder interests. There are signs that Sarbox does appear to be doing some good. Companies that are clients of the eight largest auditing firms filed 424 restatements in the first half of 2006, a 31 percent drop from the same period in 2005. An MIT study finds that Sarbox provides “significant financial benefit” to companies of all sizes. Those with established and effective internal controls — as well as those that correct problems with ineffective internal controls — have a lower cost of capital than those not in compliance with Sarbox.
Posted in Regulatory Reform, Sarbanes Oxley | No Comments »
