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PCAOB Release No. 2010-008 PROPOSED TEMPORARY RULE FOR AN INTERIM PROGRAM OF INSPECTION RELATED TO AUDITS OF BROKERS & DEALERS

  
  
  
  

New ruling from the PCAOB yesterday.  Here is a tidbit and the entire link to the ruling is below: 

Using Six Sigma Philosophy in Small Business Enhances Productivity of Organization

  
  
  
  

Vibato products are based on Six Sigma guidance and here is a great snippet of an article about how Six Sigma can benefit your company:

Criminal Exposure Under Sarbanes-Oxley

  
  
  
  

Great article from the Criminal Defense Lawyers Los Angeles.  Here is a snippet:

Accounting Tip of the Day: Keep your old files...?

  
  
  
  

Sarbanes-Oxley legislative rules dictate that audit-related documentation must be kept for 7 years.  To that end, when the question arises "should I keep this?" the answer is going to typically be yes.  Vibato recommends storing all of your internal audit documentation in a bankers box by year and marking on the outside with a Sharpie that the contents should not be destroyed before X year (X year equals this year + 7).  

CAQ comments on SEC study required by Dodd-Frank Act regarding SOX Section 404(b) compliance

  
  
  
  

From the Center for Audit Quality (CAQ):

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