Directory —
Technology —
Blog Details for "Audit Trail"
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
A Whole New World for Internal Auditors
2007-11-06 22:09:00 FierceSarbox is chock-full of interesting reading today (seriously ? check it out). We?re especially interested in their coverage of a CFO piece on the changing role of internal auditors. An excerpt: ?The fact [internal auditors] check controls will be less valued and taken much more for granted. Two Big Four audit firms say that ... More About: World , Daily News , Internal , New World , Auditor
Blown Cover for Whistle-Blowers
2007-11-05 22:51:00 There?s been a good bit written on the importance of protections for whistle-blowers. SOX even included specific provisions for treatment of whistle-blowers (which you can read about here). Chief among the top-recommended whistle-blower protections? Maintaining anonymity. Suffice it to say, then, that outing would-be whistle-blowers ? even to their fellow ... More About: Daily News , Whistle , Cover
Check Your Governance, Risk and Compliance Pulse
2007-11-05 19:18:00 Take the Approva GRC Industy Survey. The industry is abuzz with talk of GRC - Governance , Risk and Compliance - as the next strategic step beyond SOX compliance, and Approva is checking the collective pulse for opinions and insights on Governance, Risk & Compliance. Take this survey and see how you compare with your peers. Don?t ... More About: Daily News , Check
Does Compliance Create An Ethical Culture?
2007-11-02 13:32:00 Regular Audit Trail readers (okay, and anyone remotely in-tune with current events) could easily rattle of a list of corporate implosions in recent years that more than make the case for the importance of governance, risk and compliance (GRC) programs. But what those cases don?t always show is that ethical business processes bring more ... More About: Culture , Daily News , Compliance , Create
They Can Smell Fear
2007-11-01 20:45:00 Ripped straight from the headlines…the CPA Journal headlines, that is… “[a] factor in the excessive cost of section 404 compliance might be management’s fear of failure. Prior studies have documented not only a decline in share price of companies that report material weaknesses, but also a negative impact on the careers of the executives responsible. Accordingly, ... More About: Daily News , Fear , Smell
Sarbanes-Oxley Emerges as Presidential Issue
2007-10-26 23:04:00 We can’t say we are surprised. Are you? We knew that sooner or later the debate over SOX 404 would emerge as an issue in the upcoming presidential election. So, who falls on which side of the debate over SOX? Financial Times reports that Republican presidential candidate Rudy Giuliani said that ... More About: Presidential , Daily News , Sarbanes-Oxley , Emerge , Resident
GRC - Not Just Another Tech Acronym
2007-10-25 18:53:00 In the technology industry, three-letter acronyms seem to sprout faster than mushrooms in a forest. Some fade quickly (does anyone remember ERM?), others linger and only a few stand the test of time (e.g. PLM, CRM, SCM, ERP). Governance, Risk & Compliance (GRC) is the latest addition to the three-letter soup. Time will tell ... More About: Tech , Cron , Acro
Not Rich? The WSJ Says You Are Lucky.
2007-10-25 01:12:00 Yes folks, we did not stutter or mistype. A recent article from personal finance columnist Jonathan Clements at the Wall Street Journal explains how wealth is overrated in his latest column, “You’re Not Super Rich ? You Lucked Out.” “This might sound odd coming from a personal-finance columnist. But the fact is, ... More About: Lucky
The Governance Battle of Shareholders vs. Stakeholders
2007-10-19 23:32:00 A new study from Wharton asks the question, “Whose Company Is it?” The new study adds fuel to the debate over corporate governance and the responsibilities of corporations, and thus stakeholders - as the law states that shareholders are the owners of firms and that managers have a monetary responsibility to act in the ... More About: Daily News , Shareholders , Governance , Battle , The Go
Approva Midwest User Group a Huge Success
2007-10-18 16:58:00 Recently, we held our first Midwest User Group Meeting at Kraft headquarters in Deerfield, IL. This was a real opportunity for us to come together with the people who use Approva day in ? and day out. The meeting began with a series of customer presentations, as each of the eight companies in attendance ... More About: Success , Huge
More on Independence
2007-10-18 16:44:00 By now, we are sure that everyone has seen Ian Glazer?s thoughts on the recent Oracle-LogicalApps deal, where he makes a case for independence. If you?d like to hear additional voices on the topic of independence, Lori Rowland, analyst at Burton Group, weighs in on the subject. Ian Glazer continues his commentary as ... More About: Daily News , Independence , Epen
If You Give A Mouse A Cookie
2007-10-17 15:08:00 Some interesting reading this morning from SmartPros? wrap up of Ernst & Young?s Global Internal Audit Survey, which found that compliance demands for internal auditors have been rising in recent years ? with internal auditors increasingly being asked to cover a much broader array of risks. We?re reminded of a larger trend in ... More About: Daily News , Give , Mouse , Cookie
Oracle Buys LogicalApps: Approva Remains the Land of Freedom
2007-10-11 23:03:00 The deal has been announced and will finally be done in November. Nobody is particularly surprised that Oracle is buying Logi cal Apps, least of all, us here at Approva. With this transaction Oracle will now have a controls automation tool needed to continue its fight with SAP. Analysts, bloggers, and prospective customers have ... More About: Freedom , Land
Where Do You Stand in the GRC Landscape?
2007-10-11 22:02:00 Take the Approva GRC Industy Survey. The industry is abuzz with talk of GRC - Governance, Risk and Compliance - as the next strategic step beyond SOX compliance, and Approva is checking the collective pulse for opinions and insights on GRC. Take this survey and see how you compare with your peers. Don’t worry - ... More About: Landscape , Stand , The G
SOX Weak?
2007-10-11 21:17:00 Thanks to our friends at SOXFirst for this one, as that is exactly what Lisa Nicholson, Associate Professor of Law of Louisville University, is saying. She recently released a new paper, “The culture of under-enforcement: buried treasure, Sarbanes-Oxley and the corporate pirate,” - sounds more like a late night movie special on TBS if ... More About: Daily News
Marriage for the Bargain Price of $500,000/year
2007-10-10 20:39:00 For the Hollywood set, this might not seem so weird, but on Wall Street - it caused quite the up stir. We heard about this Craigslist posting from a New York Times article, although many of you might have read it in an email chain from friends as a joke - although the post ... More About: Marriage , Bargain , Price , Year
Guarding the Gates
2007-10-10 19:50:00 Today?s Minneapolis Star-Tribune has an interesting profile of John Coffee Jr., who has been talking with lawyers about the role that they ? and accountants and financial analysts ? should be playing in keeping bosses in check and avoiding financial scandals. The whole piece is worth checking out, but we?re most intrigued by his ... More About: Daily News , Gates , The G
Looking Back at Black Monday
2007-10-09 20:44:00 Next week will mark twenty years since the Black Monday stock market tumble of 1987, and Accountants World has a nice wrap-up of lessons (hopefully) learned since then. Some, like not counting on endless liquidity, haven?t seemed to sink in for everyone — (see here for lessons to be learned from more recent ... More About: Daily News , Back , Lack
High Stakes at the High Court
2007-10-08 22:20:00 Happy Monday, everybody. Lots of speculation today about tomorrow, when the Supreme Court will hear arguments in what?s USA Today is calling the most important securities-fraud case in decades. The case is StoneRidge Investment v. Scientific-Atlanta, and USA Today?s got a nice overview of the stakes and interested parties. (There are loads ... More About: Daily News , High , High Stakes , High Court
Life After Non-Compliance
2007-10-05 20:07:00 Maybe, but not for Britney Spears this week. We couldn’t help ourselves on a Friday to mention the pop princess’s recent troubles with the law - especially since the title of the article on Access Hollywood is “Britney Failed To Show ‘Substantial Compliance ’” - after all, we are all about compliance here at Audit ... More About: Life , Daily News
Paulson To The Rescue
2007-10-04 22:13:00 In today’s news from the Wall Street Journal, Treasury Secretary Paulson has formed a new committee to address challenges facing the audit profession. Mr. Paulson and other Treasury Department officials have expressed concern about the way the industry now operates, as accounting firms are charged with all of the risk of identifying all potential ... More About: Daily News , Rescue
Do you have a Googlegänger?
2007-10-03 19:53:00 Don’t be surprised if you have NO IDEA what a Googlegänger is, let alone if you have one. In short, its your online twin in name only that also shows up when you Google your name. In a recent story from Newsweek, Eve Fairbanks, a sophomore at Yale, received an impromptu visit from ...
Helping the Fraudsters
2007-10-03 18:00:00 That’s exactly what congress would potentially be doing, if the House votes to accept a measure that would limit the government’s power to pursue corporate fraud. Reuters reported that lawmakers are considering a law that would ban the government from demanding that companies reveal confidential talks with their lawyers in order to win leniency ... More About: Daily News
Who Wants to Be a CPA?
2007-10-01 21:33:00 We?ve talked about it before — how SOX, among other factors, has led to seriously increased demand for accountants ? demand that?s so far outpacing supply. With that trend in mind, the folks at cpa2biz have compiled this wrap-up on the recruiting and retention challenges facing the industry, and they?re stressing the importance ... More About: Daily News
Daily News: Danger In Whistleblowing
2007-09-28 16:18:00 News today makes one wonder about the effectiveness of SOX and its ability to protect whistleblowers in the workplace. According to an article from Louis Clark, a University of Nebraska College of Law study concluded that only 3.6 percent of cases brought by whistleblowers under Sarbanes-Oxley are won by employees. That’s less than 1 ... More About: News , Daily , Daily News , Danger
17 Pound Baby Born To Siberian Woman
2007-09-27 01:18:00 Yes, you read right folks. Today, a Siberian woman gave birth to 17 pound 1 ounce Nadia. And the story doesn’t end there - it was the woman’s 12th child! Another interesting tidbit to the article - all of the woman’s previous babies were over 11 pounds. Since we are all ... More About: Baby , Woman , Pound , Iberia
Fast Jets and Bonuses and Relo, Oh My!
2007-09-26 17:37:00 We?ve opined before about exec pay packages and perks (try saying THAT three times fast), and there?s even more fodder for discussion today. First up, Financial Week has the goods on how CFO pay compares with that of CEOs. Now CFOs aren?t going to starve any time soon, but they ... More About: Daily News , Jets , Fast
Daily News: Governance, Compliance and Fraud - Oh My!
2007-09-14 03:33:00 Conference attendees the world over can’t hear enough about IT governance and compliance. Here in the states, attendees at the Security Standard Conference in Chicago debated solutions to the current “turf war” between corporate IT departments and third party auditors. The conclusion? Encourage open communication and keep everyone on the same page — your auditor ... More About: News , Daily , Fraud , Daily News , Governance
Daily News: IT and Enron, Happy Friday!
2007-09-07 21:21:00 Today we bring you some not-so-light Friday reading on the many advantages of implementing enforceable, auditable IT controls ? with a focus on change controls. A nice little exploration of how internal controls not only aid compliance and reduce risk, but how they work to make companies operate more efficiently. And because it?s been far ... More About: News , Daily , Daily News , Happy
Daily News: What?s Going On In the Markets, Plus More Stats
More articles from this author:2007-09-06 22:06:00 Keeping an ever watchful eye on the credit markets, it appears that stocks are on the decline despite word from the Federal Reserve that there is little evidence to support that the troubles in the housing market are spreading into additional markets. Perhaps the feds haven?t been reading their morning papers, otherwise they?d know about ... More About: News , Daily , Daily News , Markets , Stats 1, 2, 3, 4 |
|
