Tuesday, March 11th, 2008
We peruse the Internet headlines so you don’t have to. Here are the recent headlines (and links) we felt newsworthy:
Hot Times for Accounting Officials - The SEC thinks that members of the Financial Accounting Standards Board require fat raises to stay on board. Here’s what they’ll be making now…
CAQ Urges SEC to Use Proposed 404(b) Delay Wisely - The Center for Audit Quality has weighed in on the Securities and Exchange Commission’s proposal to delay certain internal control reporting requirements for smaller companies, in a letter suggesting that the commission use the postponement to better assess the costs and benefits of implementing new standards and guidance.
The SarbOx: Dole dangles compliance break for banks - A Senate Republican plans to introduce federal legislation that would allow banks to opt out of certain provisions of the Sarbanes-Oxley Act. Chances of passage are small, however.
CBI warns against more banking rules - Government proposals to strengthen bank regulation in the aftermath of the Northern Rock debacle risk damaging the UK financial services sector, the director-general of the CBI, the employers’ body, warned on Thursday night.
Syms and the Future of Sarbanes-Oxley - The Sarbanes-Oxley Act has many detractors. They claim that the Act is an over-burdensome piece of regulation, one that has imposed costly and unneeded obligations on issuers. It has driven U.S. companies to exit the public markets and "go private" and it has deterred non-U.S. companies from raising capital and listing in the United States.
Lack of Tools Hampers IT Risk Management - The field of IT risk management is far from new, but there are few mature management tools yet because regulations have only recently forced companies to evaluate which threats will be the biggest, and how best to protect the company from them.
U.S., Europe Officials Examine Banks’ Risk Management (Update2) - U.S. and European regulators are "critically evaluating’" weaknesses in banks’ risk management that led to more than $181 billion in asset write downs and credit losses as mortgage loans soured.
Ignore a Whistleblower - at Your Peril - Report of biotech firm Dyadic tells a tale, in 554 pages, of trouble captured in 4-year-old e-mails that the then-CEO kept to himself. The CFO has stepped in as chief executive - and chief rectifier.
Posted in Industry News, Sarbanes Oxley | No Comments »
Thursday, January 24th, 2008
1.15 Under the Federal Rules of Civil Procedure (FRCP), organizations must demonstrate that their electronic information is complete, accessible, and reliable. As a result, companies must formalize their retention management strategy and rapidly put in place the organizational and technological changes required to retrieve any given record. more…
Yesterday, January 23, 2008, 8:53:28 AM
Mixed response to National Response Plan successor.
Yesterday, January 23, 2008, 8:53:28 AM
According to latest SteelEye Business Continuity Index survey.
Monday, January 21, 2008, 12:00:00 AM
Data, provider of front-office systems for insurance companies, general agents, banks, Investment dealers, agents, and financial advisors, announced that it has received ISO 27001 certification. ISO, the International Standards Organization, creates standards that specify worldwide requirements for products, services, processes, materials and systems. ISO 27001 is the new international standard created specifically for Information Security Management Systems. In our industry, independent agents and financial advisors must be assured of the security of their client data, said Scott Weber, Assistant Vice President of Operations Technology for PartnersFinancial/NFP in Austin, TX. E-Z Data?s ISO 27001 certification gives us even greater confidence in the fact that our member firms? data is as secure as it can possibly be.
Wednesday, January 02, 2008, 2:00:00 AM
Service-oriented IT processes and technologies will help managers bring the enterprise into line in 2008—perhaps not a moment too soon. We can’t shake the feeling that something big and very bad is lurking ’round the corner. Grab a security blanket and carefully read on for the hopes and horrors of 2008.
Posted in Business Continuity Management, Compliance Management, Industry News | 1 Comment »
Wednesday, December 12th, 2007
(ANSI: New York) — The International Organization for Standardization today announced that the development process has begun on ISO 21500, a new international standard for project management.
The first meeting of the project committee, ISO PC 236—“Project management,” drew fifty delegates to London to begin work on the document. The American National Standards Institute (ANSI) holds the secretariat for PC 236, and the committee is chaired by Dr. Jim Gordon of the United Kingdom.
According to Gordon, initial phases of the work are expected to be completed in 2010. PC 236’s three working groups will address terminology, processes, and informative guidance.
Building on existing standards, ISO 21500 is intended to provide generic guidance, explaining the core practices and principles of project management. The standard will apply to organizations of all sizes and from all industry sectors, and will be useful for newcomers and experienced project management practitioners.
For more information, visit http://www.ansi.org/news_publications/news_story.aspx?menuid=7&articleid=1664.
Posted in Industry News | No Comments »
