Top Compliance News
Monday, July 30th, 2007SEC approves AS 5 - New PCAOB standard is expected to make SOX Section 404 more efficient, relevant - http://www.itcinstitute.com/info.aspx?id=41148
VA loses $6.4MM in IT equipment - Veteran’s Affairs computer center reports that 28 percent of its IT hardware is MIA - http://www.itcinstitute.com/info.aspx?id=41149
OMB and DHS offer data management best practices for agencies - White paper covers 10 common data management mistakes and suggests remedies http://www.itcinstitute.com/info.aspx?id=41150
Mole infestation in financial firms is deep, survey indicates - Fifty percent of firms fear they have hired a mole and fully half of employee fraud goes undetected - http://www.itcinstitute.com/info.aspx?id=41151
Federal regulators agree to Basel II implementation framework - New standard aligns US banking rules with those already adopted in Europe - http://www.itcinstitute.com/info.aspx?id=41152
Regulation Watch
PCAOB proposes new ethics rule concerning auditors and internal audit committees - Possible conflicts of interest must be cleared up before auditing begins - http://www.itcinstitute.com/info.aspx?id=41153
US and EU ink new agreement on sharing of air passenger data - Reservation systems will link directly to DHS, data to be stored for 15 years - http://www.itcinstitute.com/info.aspx?id=41154
OMB-mandated standard Windows test image expected by August - Agencies will likely miss the OMB February 2008 deadline for secure baseline implementation - http://www.itcinstitute.com/info.aspx?id=41155
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