www.SoxInstitutue.com peruses the Internet headlines so you don’t have to. Here are the recent headlines (and links) we felt newsworthy:
What Has SOX Done For Us Lately? - As a result of Sarbanes-Oxley, we’ve seen business codes of conduct steadily move from a rather loosely defined back-burner element of corporate governance to an element that is now explicit and far more prominent.
Treasury names group to improve audit industry - Treasury Secretary Henry Paulson named a 19-member panel to study and improve the U.S. auditing industry on Tuesday, saying there are "legitimate questions" about the profession’s business model and small number of big firms.
Sarbanes-Oxley = a downturn in corporate risk-taking - Two academic studies commissioned by the American Enterprise Institute conclude that SOX, as it’s fondly known, has reduced the corporate risk-taking that produces economic growth.
Indian Regulator Pursuing 20 Companies on Governance - The Indian stock market regulator has in the past two weeks issued notices to 20 large companies that have not complied with corporate governance regulations.
Internal Auditors Need to Manage Risk - Internal auditors should begin adopting more of a risk management mindset, recommends a new report from PricewaterhouseCoopers.
Directors see CEO pay still out of control-survey - Despite the recent requirement for companies to disclose more about executive compensation, a majority of corporate directors still feel that chief executive pay is out of control, a survey showed on Monday.
GAAP Goes Interactive - The SEC creeps closer to making XBRL mandatory.
Conduct Breach Forces CEO to Resign - A violation of corporate "blackout period" rules at The Children’s Place results in the resignation of the company CEO. A second executive is barred from being an officer.
Intl Rectifier Adds Financial Controls - Power chip maker International Rectifier Corp. will shift reporting of its internal audit function to the audit committee of the company’s board and general counsel, in a move to tighten financial controls amid an accounting probe.