SAS 70 to SSAE 16: How to Review your Vendors Internal Control Report

Posted by Teresa Bockwoldton Wed, Feb 29, 2012 @ 06:19 PM
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Tags: AICPA, SSAE 16, SOC, internal control, SAS 70, service organization controls

Internal Control Alert on Related Parties & Unusual Transactions

Posted by Teresa Bockwoldton Tue, Feb 28, 2012 @ 10:54 AM

There was a new PCAOB alert today that everyone should know about. Here are the details:

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Tags: Internal Controls, best-practice, PCAOB, internal control tips, Close Best Practices

Change to Sarbanes-Oxley Section 404 Requirements in 2012 Likely

Posted by Teresa Bockwoldton Wed, Feb 22, 2012 @ 11:14 AM

New legislation is gaining steam that would change the definition of which companies are subjected to an external audit review of their internal controls (e.g., Sarbanes-Oxley Section 404(b)). The bill, called 'H.R.3606 - Reopening American Capital Markets to Emerging Growth Companies Act of 2011,' passed the House by an overwhelming bipartisan vote of 54-1. The bill still has to go through the Senate and then get Presidential approval before it becomes law (you can follow the progress here: 

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, 404, SOX, AICPA, 404 audit, audit costs, Non-accelerated filer 404(b) information, Sarbanes-Oxley Training, Sarbanes-Oxley, external auditing, Internal Control Education