Wednesday, October 31st, 2007
Boards ‘Serve Management, Not Shareholders’ - High-net-worth investors and financial advisers said corporate board members are too closely aligned with the interests of executive management teams, not shareholders.
Controls not up to job - Fewer than half of Canada’s public companies say their internal controls are up to the task of providing effective safeguards against fraud and error, says a new report.
Just Look at Yourselves - Board performance assessments are still a work in progress.
PwC defends audits faulted by PCAOB - "We believe as a matter of professional judgment that the audit procedures originally performed were responsive to our risk assessment and also to the result of our testing of the issuer’s internal controls over both its forecasting and impairment assessment processes."
Dell to lower writedowns on restated earnings - Dell, the world’s second-biggest computer maker, said on Tuesday that writedowns in restated past earnings would be less than expected.
PCAOB CFO Resigns - The Public Company Accounting Oversight Board announced Monday that Tom Hohman is resigning from his position as the board’s chief financial officer to become a CFO of a private company.
Corporate governance: Crack down - Compliance processes and risk management are undermining the independence of internal audits
Posted in Regulatory Reform, Sarbanes Oxley | No Comments »
Tuesday, October 30th, 2007
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From the DRJournal.com
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With the winter months approaching, it is time to prepare for the cold and flu season. It is important to review your plans to minimize disruptions to operations should a major flu outbreak occur.
Influenza is highly contagious and is often spread by coughs, sneezes and hand contact. It can spread rapidly in enclosed spaces such as offices or conference rooms. Each year, more than 100,000 people in the United States are hospitalized and about 36,000 die from the flu and its complications.
Before the flu season arrives, make sure your employees are aware of your company’s policies and preparations. With a little effort, the workplace can remain efficient throughout the winter months.
A few points to consider include:
These tips can be used to keep your employees and business safe during the upcoming flu season. In addition, they can serve as a reminder to review your Pandemic plans. It is important to be prepared for any type of flu outbreak, mild or severe.
To find more information on preparing for the flu or a Pandemic, visit http://www.drj.com/special/avian/
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Posted in Business Continuity Management | No Comments »
Monday, October 29th, 2007
www.eweek.com
Denver International Airport is among the busiest airports in the world and boasts one of the longest runways in the United States. The airport also conducts a lot of business using credit cards. DIA recently completed its Level 1 (more than 6 million transactions per year) PCI DSS (Payment Card Industry Data Security Standard) audit, a journey which had its fair share of turbulence.
However, as DIA CIO Robert Kastelitz recounted to eWEEK Labs, noncompliance was not an option. "You really don’t have a choice but to do it," Kastelitz said. "The bottom line is if you don’t do it, then the hammer [the PCI member companies] hold over your head is that they won’t let you take credit cards anymore."
View the Resource
Posted in Compliance Management | No Comments »
