from AEI U.S. financial-market regulations have multiplied like rabbits in recent years. While companies have been moaning about the costs imposed by the Sarbanes-Oxley corporate-governance law and its brethren, academics have toiled away trying to identify whether the regulations are all that bad. Last week, a report by a committee of academics and business executives […]
Tag Archives | SOX
from IT Business Edge We’ve said it before, and at the risk of sounding like a broken record, we’ll say it one more time: How you feel about Sarbanes-Oxley depends on who you are. Nowhere has this become more apparent than in the media coverage following this year’s elections. More here.
from SOX Compliance Journal Lord & Benoit announced on Oct 25, 2006 that it was one of the First SOX Compliance Firm to Use COSO for Smaller Public Companies. Lord & Benoit is a national SOX Compliance and Research firm focused on affordable compliance for Smaller Public Companies. On July 11, 2006, COSO released their […]
from Forbes It was supposed to be a brand-new world of oversight of crooked auditors. The Public Company Accounting Oversight Board, a new watchdog group, was put in place a few years ago to toughen oversight of auditors, who had been accused of abetting white-collar crooks and of being partly to blame for the […]
from Forbes A curious thing happened in the runup to the midterm elections. The Democrats suddenly got religion on the need to lighten the regulatory load on businesses. Specifically, the “Innovation Agenda” that the new Democratic Speaker of the House, California’s Nancy Pelosi, trumpeted during the campaign vowed to reform Sarbanes-Oxley, the package of corporate […]
from The Daily Standard (via YaleGlobal Online) SO WE LIVE in a globalized world, which impacts on jobs, wages, consumers, and producers. All of which already have received too much attention to require further comment by me. But what we have not fully considered is the extent to which globalized markets produce pressures for globalization […]
from Chicago Tribune The Securities and Exchange Commission plans to bring more enforcement actions in 2007 after a year in which it prosecuted the fewest cases since the passage of the Sarbanes-Oxley investor-protection law. More here.
from SOX Compliance Journal Compliance and ethics professionals now have an opportunity to demonstrate their knowledge and expertise in the practice of corporate compliance. The Society of Corporate Compliance and Ethics (SCCE) announced recently the details of its certification program which will provide Certified Compliance & Ethics Professional certification to individuals associated with the compliance […]
from Reuters Perhaps the Sarbanes-Oxley corporate governance reforms were not too harsh after all. Critics contend the law, passed after the Enron Corp. and WorldCom Inc. scandals, was a bad panic-driven law that introduced unnecessary rules and costs for listed companies. But a quick flip through the latest bombshell report on a corporate scandal — […]
from Computer World The Sarbanes-Oxley Act requires every publicly traded company, large or small, to establish internal controls and procedures for reliable financial reporting. Although the Securities and Exchange Commission has extended the deadline for small businesses and foreign entities, these organizations need to begin planning. But as they do so, they can apply valuable […]
from Times Online (London) SPIRENT, the telecoms testing group, yesterday blamed the cost of meeting tough new corporate governance rules in America for its plan to drop its New York listing. The company, which has its primary listing in London, said that the Sarbanes-Oxley rules, introduced after the Enron collapse to regulate US-listed businesses better, […]
from Chase Cooper On Tuesday, the two chief Sarbanes-Oxley Act (SOX) supervisors, gave their testimonies to their supervisor, the US House of Representatives’ Committee on Financial Services. Christopher Cox of the Securities and Exchange Commission (SEC) confirmed his view that SOX had succeeded in its aims and that the issues of Section 404 were not […]
from CFO.com The Sarbanes-Oxley Act is often blamed for a dearth of accountants, and their new found leverage to demand more money from their employers. The Act has also given rise a boost to another corporate denizen: compliance and ethics officers, who increasingly are being invited into the executive suite, and greeted with bigger paychecks. […]
from AccountingWeb Privately owned companies, although not bound by the requirements of the Sarbanes-Oxley Act (SOX), are feeling the effects of the law in specific areas of their businesses, as well as the impact of widespread public commitment to stronger internal controls that the law has helped to create. In response to these pressures, more […]
from The Korea Times South Korean firms listed on U.S. exchanges are facing growing costs due to stricter accounting rules and some of them consider leaving the markets, according to Financial Supervisory Service (FSS) yesterday. Not only Korean but also many other non-U.S. firms saw costs to maintain their listing on the U.S. markets rise […]