Tuesday, December 11th, 2007
This so-called predicament has been on our radar screen for decades. We’ve written ad nauseam about alignment challenges in the past. Here’s one article that makes the case for The ROI of alignment. Another where we question why alignment was so difficult. Another where we offer a formula for alignment. And still another where our in-house coach instructs CIOs to avoid the "managing expectations" moniker when addressing alignment. There’s a lot more. Trust me.
In addition, my e-mail inbox receives a steady stream of survey results that detail the cumulative admonitions from CIOs regarding their alignment failings.
READ MORE
Posted in Compliance Management, Industry News | No Comments »
Wednesday, November 28th, 2007
Massive UK tax office data breach exposes 25MM names
Two lost CDs cause the largest UK data breach ever and compromise the personal details of every child in the country as well as the bank accounts of their parents or guardians - http://www.itcinstitute.com/info.aspx?id=45099
NIST updates security guidelines for control systems
Out-of-cycle update lists available technology - http://www.itcinstitute.com/info.aspx?id=45100
Fraud artists and hackers gear up for the holidays
E-commerce fraud losses are expected to be up 20 percent this year - http://www.itcinstitute.com/info.aspx?id=45101
SOX compliance gains traction
Disclosures and material weaknesses are down, and fewer late filings are blamed on SOX compliance difficulties - http://www.itcinstitute.com/info.aspx?id=45102
Chinese hackers pose major economic threat, report complains
Technological espionage is cheaper than technological development - http://www.itcinstitute.com/info.aspx?id=45103
Posted in Compliance Management, Industry News | No Comments »
Thursday, October 18th, 2007
PCAOB Issues Staff Guidance On Auditing Internal Control in Smaller Public Companies - The guidance explains how auditors can apply the Board’s internal control auditing standard, Auditing Standard No. 5, An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements, to audits of smaller, less complex public companies.
Presidential hopeful Giuliani supported SarbOx but would push for change now - Mr. Giuliani, currently seen as the front-runner in the GOP field, spoke before the conservative, anti-tax Club for Growth in Washington and said that SarbOx - along with excessive litigation, overregulation and high corporate taxes - is harming the economy and driving business away to other markets.
The Enron whistle-blower who wasn’t - A USA TODAY investigation, involving interviews with two dozen former colleagues, reveals Brewer to be an astute self-promoter who parlayed an undistinguished 32-month stint as an Enron employee into a lucrative career in the corporate ethics industry.
Whistle-blowers still best at finding fraud-survey - The study polled 5,400 executives in 40 countries, with respondents reporting total losses of about $4.2 billion from fraud.
UK firms ‘losing out to bribery’ - Bribery and corruption is the fastest- growing economic crime to hit UK firms, a survey suggests.
Nortel agrees to pay $35m in SEC fraud case - Nortel Networks sought to put an accounting scandal behind it Monday when it agreed to pay $35m to settle regulatory claims that it defrauded investors by manipulating earnings between 2000 and 2003.
Board Approves Amendments Regarding Inspection Frequency for Firms that Do Not Regularly Issue Audit Reports
US boards too closely aligned with execs - survey - Even in a post-SarbOx world, it’s clear that investors still don’t have the level of confidence they should in the way U.S. corporations practice corporate governance
Posted in Industry News, Sarbanes Oxley | No Comments »
