Audit TrailAudit TrailAudit Trail is the official blog of Approva- tracking the latest news, opinions and trends in governance risk and compliance. Audit Trail provides visitors with informed views on issues that matter to finance compliance, and audit professionals. Articles
Daily News: Lovely Parse!
2007-06-05 21:40:00 IBM settles with the SEC, ending the investigation into earnings and stock option expenses. IBM isn?t admitting or denying any wrongdoing, and they don?t have to pay a fine or penalty. Instead, (and we have to quote directly here for reasons that will be immediately obvious) they?re consenting ?to entry of an administrative order ... More About: News , Daily , Daily News , Dail , Arse
Daily News: PCAOB Chimes In
2007-05-25 15:35:00 From PCAOB: No Surprises. They voted to replace the previous internal control auditing standard, following on the heels of the earlier SEC announcement. The two worked closely together to define Auditing Standard #5. PCAOB Chairman says, ?The new standard is more risk-based and scalable, which will better meet the needs of investors, public companies and ... More About: News , Daily , Daily News , Chime , Dail
How SOX Shaped Technology
2007-05-24 17:54:00 Steve Elliott, Chief Technology Officer of Approva Corporation, is an expert on building, marketing, and selling enterprise software products in the areas of security management, internet applications, ERP tools, and identity provisioning solutions. Think automated compliance is all about making the life of an auditor easier? Think again. IT security folks benefit too. So ... More About: Ology
Phil Livingston Weighs in on SEC 404 Guidance
2007-05-23 19:24:00 I just got a chance to look at the new Section 404 rules officially adopted by the SEC, and it looks like SOX compliance should now be a good deal clearer for everyone involved. As expected, the new rules are aimed at reducing burdens associated with SOX compliance ? and that?s even better news. ... More About: Phil , Ving , Guid , Weigh
SEC 404 Guidance Passes Unanimously
2007-05-23 19:11:00 At its open commission meeting today, the SEC Commissioners voted unanimously in favor of issuing final interpretive guidance for management to provide its assessment and report on internal control over financial reporting under Sarbanes-Oxley Section 404. Related final and proposed rules were approved as detailed below. The related final rulemaking includes removing the second audit ... More About: Breaking News , Pass , Nani , Guid
Daily News: SEC Meets to Discuss Sarbanes-Oxley Changes. Finally.
2007-05-23 16:17:00 We could hardly sleep last night, we were so excited about the SEC?s announcement today. (Is that weird?) The live Web cast already underway, and you can check it out here in real-time. Stay tuned to Audit Trail today for our take on the Big Big News . Tags: SEC, Sarbanes-Oxley More About: Daily , Daily News , Finally , Dail
Daily News: Save The Date - PCAOB To Announce Guideline Revisions
2007-05-18 18:16:00 It is confirmed. PCAOB is going to meet next week to vote on a standard internal control. If adopted it will supersede the current standard entirely. Keep an eye on Audit Trail next week as we plan to have some heavy weight commentary on the decision. And, not just from us chickens. Wolfowitz has reached ... More About: News , Daily , Daily News , Sion , Save
Daily News: The 411 on 404 All 4U
2007-05-17 16:58:00 Finally getting the hang of it. It looks like 404 compliance costs are going down. Dare we say efficiencies are starting to pay off, because even employee time investments are declining? CIO also covered the survey, run by Financial Executives International, calling attention to the unchanged external audit costs. AccountingWeb also got into the game. ... More About: News , Daily , Daily News , Dail
Approva Joins Forces with Paisley
2007-05-10 16:45:00 Audit Trail is pleased to bring you the latest news from Approva. Approva® Corporation, the leader in continuous controls monitoring (CCM) software, has joined forces with Pais ley to integrate Approva’s BizRights® CCM platform with Paisley Enterprise GRC?, a comprehensive governance, risk and compliance platform. The partnership enables business, finance, IT and internal audit professionals to automate ... More About: Forces
Daily News: Sarbanes-Oxley Round-up
2007-05-10 16:37:00 Lots of Sarbanes-Oxley news today. First, it appears that small to medium sized businesses will have to comply with the status-quo and comply with SOX regulations after all. Democrats stood their ground and defeated a Republican-led amendment that would make SOX compliance “optional” for companies with total market value of less than $700 ... More About: News , Daily , Daily News , Round Up , Dail
Daily News: SEC Pulling Rank
2007-04-24 17:00:00 Looks like the SEC may strong arm the PCAOB if they cannot settle their differences on revising the Sarbanes-Oxley Act. The struggle continues. In other news, the CIO at CareGroup Healthcare System wrote an interesting OP-ED in ComputerWorld about the ?dark side of going public.? It can?t be all that bad, can it? Finally, the ... More About: News , Daily , Daily News , Rank , Dail
Daily News: End of the Week Round Up
2007-04-20 17:58:00 Nacchio (former Quest CEO) was convicted, which is no great surprise. Fortent announced it is using IBM. The Virginian Pilot compares the IRS to a yappy little dog, and we hope their return is in order or else the ?paper tiger? might take offense. Google continues to knock it out of the park with earnings ... More About: News , Daily , Daily News , Round Up , Week
Daily News: Corporate Governance Mash Up
2007-04-12 18:06:00 Audit Trail combs the farthest reaches of the web to find you news that matters. Just this week alone, we brought you stories about the student loan scandal, Scrushy being GPS-enabled and more. Today we are moving away from breaking news (bit of a slow news day ? as they say) to provide you ... More About: News , Daily , Daily News , Corporate , Mash-Up
Daily News: Follow The Money
2007-04-10 16:42:00 Today is a follow the money kind of day. Dell got yelled at by NASDAQ, according to CFO.com. Student Loan Xpress has put several execs on leave as it looks into cozy relationships with universities - and as the AG of NY loos into Student Loan Xpress. The AP reports that the Principal ... More About: News , Daily , Money , Daily News , Dail
Daily News: Tighten Up SEC!
2007-04-03 23:10:00 CFO.com covers the GAO report on the SEC. Areas for potential security breaches include a lack of role segmentation - and even physical intrusion. Who is monitoring the monitors indeed? As for who is monitoring the sub-prime market - it won’t even be Grant Thornton. According to CNNMoney.com, the auditor resigned ... More About: News , Daily , Daily News , Dail
Compliance and Productivity
2007-04-02 19:07:00 Audit Trail recently sat down with information security consultant Bryan Palma of Ponic, an expert on the nexus between compliance, security and privacy. Audit Trail: First of all, tell us a little bit about your rather unique background. Bryan Palma: I first became involved in information security while I was with the U.S. Secret Service. While ... More About: Product , Comp , Productivity , Compliance , Prod
Daily News: Fraud Frenzy
2007-04-02 19:05:00 Here at Audit Trail, there is nothing we enjoy more than waking up to a slew of morning headlines on the latest fraud cases. Corporate, tax, marital headlines - you name it - get us revved up more than downing a venti triple mocha latte from Starbucks. According to CFO.com, Steven Garfinkel, the ... More About: News , Daily , Fraud , Daily News , Frau
Daily News: SEC Schedules Mailbag Response Meeting
2007-03-30 19:12:00 Now that the public commentary portion of the PCAOB’s proposed auditing standard for Section 404 is complete, those of you who provided commentary should mark your calendars for April 4, because the SEC just announced an open meeting to discuss next steps and hopefully respond to the wave of comments received in February - Audit ... More About: News , Mail , Daily , Daily News , Schedule
Daily News: Sarbanes Oxley - Guilty Until Proven Innocent and the Cowbell
2007-03-29 21:01:00 Using language that harkens back to colonial times, the Ayn Rand Institute recently announced - sounding very much like a U.S. founding father - that SOX “should neither be amended nor preserved. It is a fundamentally corrupt law that treats executives as being guilty until proven innocent and it should be repealed.” Meanwhile, ... More About: News , Daily , Daily News , Cent , Bane
Weird Wednesday News: Ken Lay?s Enron Desk on eBay
2007-03-28 19:46:00 Yes folks, it’s true. And I don’t just mean eBay’s slogan, “Whatever IT is, you can buy IT on eBay.” A Houston, TX non-profit, Saving Animals Across Borders, has gotten their hands on former Enron founder and CEO Ken Lay’s desk in use from 1987 until his departure. That’s right, the very ... More About: News , Weird , Ebay , Desk , Wednesday
Daily News: Corporate Fraud on Parade
2007-03-28 19:02:00 The debate over SOX reforms has quieted lately, and I wonder why? Could it be that the Conrad Black trial is forging ahead? BusinessWeek summarizes this week’s events, and so far, things do not look good for Mr. Black - a memo from the prosecution was introduced this week that detailed controversial payments ... More About: News , Daily , Fraud , Daily News , Corporate
Daily News: Finance Industry Road Trips
2007-03-27 20:57:00 It seems as if the PCAOB is flying high on recent news of their constitutionality, which Audit Trail reported in “PCAOB and SOX Can Stay,” straight to Asia. CFO.com reports the PCAOB was in Asia to discuss support on trans-pacific audit cooperation, especially in light of recent news of J-SOX. Ready for the ... More About: News , Daily , Finance , Industry , Daily News
Daily News: Better Business Accounting = Less Trauma Drama Later
2007-03-26 16:48:00 HealthSouth lops off another limb in its effort to recover from 2.7 billion accounting fraud. The company is selling off its surgery division, in its second major divestiture since the scandal, according to the AP. And Forbes. And Houston Chronicle. And MSNBC. And even Biloxi Sun Herald. And so ... More About: News , Business , Daily , Drama , Daily News
Daily News: PCAOB & SOX Can Stay
2007-03-23 17:37:00 Although the story broke on Wednesday, the entire compliance community is abuzz about the recent court ruling upholding the constitutionality of the PCAOB and SOX. Of course, Reuters and the AP were first out of the gate to report the latest victory for SOX supporters. BusinessWeek joins in the foray, and interestingly enough, ... More About: News , Daily , Daily News , Dail , Stay
Daily News: SOX Proponents Rejoice
2007-03-22 17:42:00 The Conrad Black trial has breathed new life into the pro-SOX camp. Despite the delay of opening arguments Monday due to a juror failing to appear in court as reported by The Courier News , those who are opposed to SOX reform are enjoying the show. As Wall Street Journal writer Alan Murray points ... More About: Daily , Daily News , Dail , Prop
Daily News: I Heart Audit, How ?Bout You?
2007-03-21 16:42:00 I love a good audit, don’t you? Let’s say it together. And audit can be a lovely thing. Despite a lot of jawing about undue burdens and the expense of compliance and unfair SOX regulations - I admit it. I heart a good thing. You want to know why? ... More About: News , Daily , Audi , Daily News , Hear
Daily News: SOX, Compliance and Conspiracy Theorys
2007-03-20 21:27:00 In news from AEI, fellow Alex J. Pollock addresses five key areas for “Reforming Sarbanes-Oxley.” According to him, “Virtually everybody now agrees that Sarbanes-Oxley unintentionally resulted in unproductive cost, paperwork and bureaucracy, and that something should be done to correct this.” Not sure if Michael Oxley would agree. FinancialWeek reports that “Oxley ... More About: News , Daily , Piracy , Daily News , Comp
Daily News: See You After The Game
2007-03-19 17:25:00 March Madness permeates the air. After a week of bickering among the SEC, U.S. Chamber of Commerce, and so on, it seems as though everyone has their eye on another game altogether. The estimated $1.6 Billion in lost productivity in the U.S. must be afflicting the audit community too, as reported by CNNMoney.com. ... More About: News , Daily , Daily News , Game , The Game
Daily News: Why Ask Why?
2007-03-16 18:55:00 In a new study, ComputerWorld reports that 70% of Fortune 1000 companies are increasing their security spending. Why? Well, to implement systems to support compliance with regulatory and audit requirements, of course. FierceSarbox reminds us that many companies continue to approach each set of regulations as a separate issue. Why? One opinion ... More About: News , Daily , Daily News , Dail
Daily News: Let The Games Begin
More articles from this author:2007-03-15 17:50:00 Much like in a game of catch, the U.S. Chamber of Commerce threw out recommendations for changes to the country?s legal and regulatory framework - paying particular attention to the SEC and SOX legislation, as reported in WebCPA. In a surprising move at yesterday’s Capital Markets Summit, SEC Chairman Cox not only caught the ... More About: News , Daily , Games , Daily News , Game 1, 2, 3, 4 |
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