Recent SOX Industry Headlines
Friday, February 8th, 2008We peruse the Internet headlines so you don’t have to. Here are the recent headlines (and links) we felt newsworthy:
SEC Begins Small Business Costs and Benefits Study of SOX 404 - The Securities and Exchange Commission announced that its professional staff has commenced a cost-benefit study of an upcoming auditor attestation requirement for smaller companies under Section 404(b) of the Sarbanes-Oxley Act of 2002.
Audit watchdog to home in on "fair value" - Hard to value financial instruments such as mortgage-backed securities will be scrutinized for any auditing failures when the latest crop of annual reports are inspected, the chairman of the Public Company Accounting Oversight Board said on Thursday.
Postal Service readies for Sarbanes-Oxley Act - The Postal Service is the first federal agency mandated to comply with the act and thus faces unique challenges. With those challenges come exciting opportunities.
U.S. banks examine controls after SocGen - "Needless to say we’ve had questions with respect to firms that we regulate, that there is a re-looking at this and trying to determine if they have the right internal controls in place and systems to deal with this"
SEC calls for delay to Sarbanes-Oxley compliance - The Securities and Exchange Commission (SEC) has proposed a one-year extension for small companies to comply with the Sarbanes-Oxley act while SEC professional staff start a cost-benefit study of an upcoming auditor attestation requirement for smaller companies under Section 404(b) of the act.
Kerry, Snowe Praise Sarbanes-Oxley Extension for Small Businesses - "We can do more to ease the regulatory burden on small firms and help encourage more small businesses to become public companies - while still requiring them to comply with the law to ensure transparency and honest accounting."
How to Nab the Rogues: 10 Fraud Tips - Why the risk of wrongdoing has migrated from senior executives to middle management - and what to do about it.
WorldCom Whistle-blower Cynthia Cooper - What she was feeling and thinking as she took the steps that, as it turned out, would change Corporate America.
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