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
Fraud, Fraud From Here to There
2008-05-28 05:28:00 Happy back-from-the-holiday, everyone. Lots of interesting reading to kick off the week — and a good bit of it centered around fraud. Like the news that Dell has been found guilty of fraud by a New York court. In an interesting twist, this is unrelated to Dell’s $50+ M earnings restatements last ... More About: Fraud , Daily News
Market Messes, Possible Fixes, and What Keeps CSOs Up at Night
2008-05-03 05:33:00 Howdy, everyone. There’s all kind of news today from the the world of finance. FASB is saying we-told-you-so about the subprime fallout, and just about everyone else is still scrambling to deal with the leftover mess. According to Financial Week, Senator Menendez (of the great state of New Jersey and the ... More About: Market , Daily News , Night
Market waves still rocking the boat
2008-03-31 22:35:00 So, the Bear Stearns “thingy” has left quite a wake, and waves keep rolling and rolling. According to the New York Times, Senators Chris Dodd, Max Baucus and Charles Grassley are planning investigations to find out details on just what the Fed’s deal with Bear Stearns entailed — and what the deal might ultimately ... More About: Market , Daily News , Boat , The Boat , Waves
Thoughts on Global Governance Standards
2008-03-28 04:33:00 The general idea behind global governance standards is that, if all companies either adhere to the same standard or are measured against the same standard, then investors and other observers will be able to assess how well they are governed. Governance is important because well governed companies attract a premium to their share-price, and poorly ... More About: Standards , Daily News , Thoughts , Global
Carrots for compliance?
2008-03-12 21:30:00 Lots of interesting things to read today, ladies and gentlemen. First up, word from Financial Week that Senator Elizabeth Dole is proposing to make SOX provisions 302 and 404 voluntary for banks, arguing that the regulations are overly burdensome. Speaking of banks, more news today from French Bank Societe Generale — word that ... More About: Daily News , Carrots , Compliance
Compliance Mandate without Executive Buy-in is like a Bird without Wings
2008-03-11 19:03:00 We at Approva just wrapped up our first-ever user group meeting for our Houston-Dallas customers, and I?m pleased to report that it was, by all accounts, both informative and useful for our customers. We gathered at the Houston headquarters of Reliant Energy and kicked things off with a discussion of experiences, lessons learned, challenges ... More About: Daily News , Executive , Bird , Wings , Compliance
Friday Night Writes: Capitol Consternation on Exec Compensation
2008-03-08 03:50:00 Ladies and Gentlemen, our very special guest blogger is here — none other than Corporate Library co-founder and “Corporate Governance Queen” Nell Minow. Nell has been kind enough to join us fresh from her testimony today at the U.S. House of Representatives, and she offers a great window in to just what went on. ... More About: Breaking News , Night , Friday , Compensation , Capitol
The Importance of Balanced, Focused Controls
2008-02-29 01:06:00 PV Boccasam caused a minor sensation when, during a visit to Australia, he likened controls to the brakes on a car and explained that you needed good controls if you wanted to go fast. In Australia at the time, the prevailing sentiment was that controls were more like seatbelts; all about restraint and nothing to ... More About: Industry News
Good ? and not so good ? Governance Roundup
2008-02-21 05:01:00 Lots of news this week about good governance and corporate citizenship. First up, details from BusinessWeek on a study from the folks at the Corporate Library on the more than two-thirds of S&P 500 companies that avoided disclosing hard data on the performance targets for execs to cash in on their bonuses last year. ... More About: Daily News , Roundup , Governance , Good
Big-Time Biz Transformations: From CRM to GRC
2008-02-06 03:22:00 Today we’d like to refer you to our friends at Risk Management Magazine for a piece on the importance of a holistic approach to governance — penned by our very own P.V. Boccasam. In the piece, PV compares the ways that CRM transformed business in the 80s and 90s — and makes the case ... More About: Daily News , Time
Controls Issues
2008-02-05 15:41:00 By now you’ve probably heard the news from France of how a single rogue trader at Societe Generale’s managed to game IT systems and lose his employer billions. That’s billions with a b, people. Information Week has an an interesting piece on what went down — and how, exactly, one Jerome Kerviel managed to evade ... More About: Daily News , Issues
Changing Accounting Standards in the Wake of Mortgage Crisis
2008-01-18 21:06:00 While the SEC is supporting a banking industry plan to help those impacted by the subprime mortgage problem, it is also moving towards a more international, or principle-based, accounting standards. See this article in CFO.com for more insight. In other economic news, BusinessWeek is predicting that healthcare spending could help buoy the economy and ... More About: Standards , Daily News , Mortgage , Changing , Wake
Where We Fit in the Market
2008-01-18 20:18:00 A bit ago, I blogged about the tiers of an effective compliance protocol ? the four layers that need to be addressed before an operation can be sure that risks are being defined, monitored, detected, and mitigated. I?m sure it?s no surprise to readers that Approva just happens to have built solutions to work exceedingly well ... More About: Market
A Must Read for CIOs: Compliance, Convergence and How IT Fits
2008-01-11 16:27:00 CIO Magazine recently ran a submitted article by executives from the Risk Advisory Services group at Ernst & Young on the role IT can ? and should ? play in ensuring effective compliance. A must read for all corporate CIOs, one line particularly stands out: ?Beyond the traditional charge that comprises the fundamentals ... More About: Daily News , Read , Convergence , Compliance
Approva and CGI Federal Collaborate to Provide Integrated Compliance Soluti
2007-12-19 18:12:00 We?re happy to announce today that Approva has partnered with CGI Federal, one of the largest IT and managed service providers to the U.S. Federal Government, to offer an integrated compliance solution to federal agencies. Our combined offering will help federal agencies to develop internal controls that prevent financial misstatements and provide a continuous ... More About: Collaborate , Integrated , Compliance
CIO Magazine Weighs In on Enterprise App Trends to Watch in 08
2007-12-18 22:42:00 Good morning, everyone. We came across a great piece from CIO on Enterprise Application trends to watch in 08. The whole is worth reading, but we wanted to highlight what most resonated with us. Not surprisingly, the folks at CIO are in agreement with others watching the space that we haven?t seen the last ... More About: Watch , Magazine , Daily News , Trends
That sound you hear? It?s small-biz sighing in relief
2007-12-14 22:39:00 After months of lobbying from small businesses for a delay in 404 compliance, it’s finally come to pass, just in time for the holidays. Which makes for some very excited accountants. Not everybody’s thrilled, though — naysayers say we’re only postponing the inevitable. Meanwhile, the folks at PWC are predicting ongoing healthy M&A ... More About: Daily News , Sound , Hear , Small , Relief
Why Use Approva to Monitor Your ERP?
2007-10-30 19:11:00 Approva's Brian Groves explains the value of using Approva to monitor your ERP software and gain visibility into your business controls. More About: Media , Monitor
Sharing an Oracle Love Story
2007-10-30 15:06:00 In case you missed it, AMR Research vice president and research fellow John Hagerty, along with Brian Groves, Sr. Director, Product Marketing, and John Martin del Campo, Sr. Project Manager, Audit and Control from Approva recently presented a webcast on addressing the top five audit challenges in Oracle E-Business Suite. During the webcast, John Hagerty explained ... More About: Love , Story , Sharing , Love story
Recent Industry News Featuring Approva
2007-09-21 20:32:00 In the “About This Blog” section we promised to keep the horn tooting to a minimum, however, we never promised we wouldn’t do it. Recent industry coverage from SC Magazine includes a case study from Approva customer Jason Lish of Honeywell Aerospace. Be sure to check it out if you are interesting in ... More About: News , Industry , Industry News , Feat
Daily News: Today Is IT?s Day
2007-09-21 18:41:00 Whew, our collective brains here at Audit Trail are hurting today as the news is all about IT - and shifting through all of the SOAs and IdMs has proved to be quite taxing. Although it took us a while to wrap our heads around it, quite a few bloggers have been debating a ... More About: News , Daily , Daily News , Today , S Day
User Provisioning Series (Part Three)
2007-09-21 00:49:00 In this final installment of my three-part series on user provisioning, I?m going to talk about request-based provisioning as a way to deal with the inherent complexities of provisioning to core business systems like Oracle and SAP. Request-based provisioning is the combination of user self-service and attestation. It works like this: a person ... More About: Series , User , Part , Provision , Serie
Daily News: Musings on Ethics
2007-09-20 23:55:00 Ah, ethics. The official dictionary.com definition is “a system of moral principles,” but I am sure many people, like perhaps Ken Lay, will give you many definitions of the hotly debated term. First up, Deloitte has released the findings of its 2007 Global Security Survey, which says, and there is no surprise here, ... More About: News , Daily , Daily News , Ethics , Musings
Happy 25th Birthday :-)
2007-09-19 22:14:00 Yes indeed folks, the :-) turned 25 today. A CNNMoney.com article contributes the invention of the smiley to Carnegie Mellon University professor Scott E. Fahlman. So, what’s the big story about the invention? Apparently, Professor Fahlman was the first to use the three characters when he posted the emoticon in a message to ... More About: Happy , Birthday
Daily News: Virtualization Technology In the Workplace
2007-08-27 22:02:00 Today?s news comes to us from ComputerWorld, which has got some interesting reading on how virtualization technology is providing some serious challenges to security and compliance officers. Virtualization technology, which allows multiple operating systems to run different applications on a single computer, has been hailed by many in the IT community as a great ... More About: News , Technology , Daily , Workplace , Daily News
Daily News: Michael Oxley On International Markets
2007-08-23 17:37:00 Oxley sees international markets going the way of the US. “Frankly, it has been mostly the opposite of what many predicted. Other countries have stepped up and understood how important it is to have these kinds of standards and I would expect that this will continue apace and continue to pay great rewards,” Oxley said. Read ... More About: News , Daily , International , Daily News , Markets
Daily News: Dell Restating Earnings, More Internal Control Needed
2007-08-20 18:22:00 Happy Monday, everybody. Some good reading this morning from WebCPA, which offers the skinny on an investigation by Dell ?s audit committee into the company?s accounting and financial issues. The findings: significant errors and irregularities causing the company to restate earnings for FY 2003 through the first quarter of 2007. The move ... More About: News , Daily , Daily News , Earnings
Daily News: No SOX, No GRC, Just H-E-D-G-E
2007-08-16 15:59:00 NONE of us woke up in the mood to talk about the markets. Yes, the markets. Not much SOX news today ? and we covered GRC yesterday. And, the mortgage reverbs in the market are like a giant elephant in the room. So, we offer you this a link to the Accounting Observer AND this ... More About: News , Daily , Daily News
Daily News: Ethics In Corporate America, To Be Or Not To Be?
2007-08-10 18:59:00 It is often debated about whether to bring your work home with you. Here in the Nation?s Capitol, it appears that we have the hardest time ?turning it off.? A recent study from AOL reported that Washington, D.C. is the most ?email addicted? city in the U.S. And, lets be honest, if faced ... More About: News , America , Daily , Daily News , Ethics
Daily News: Reyes Conviction, More Than Meets The Eye?
More articles from this author:2007-08-09 22:00:00 It looks like Gregory Reyes ? conviction has more than just us here at Audit Trail thinking. While our thoughts landed on total number of executive convictions the government has racked up over the past 5 years ? there are at least 63, in case you missed our post yesterday ? fellow blogger Jay Brown from ... More About: News , Daily , Daily News , The Eye 1, 2, 3 |
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