Recent Sarbanes-Oxley Industry Headlines
Wednesday, October 31st, 2007Boards ‘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
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