Should you Disclose your Social Media Content?

Posted by Alex Roweon Wed, Mar 27, 2013 @ 11:34 AM

Social media has previously not been an issue when it came to your SEC or other public filings, but that may be changing...  

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Tags: Internal Controls, social media, best-practice, FINRA, disclosure, Vibato, SEC, Division of Investment Management

PCAOB Audit Standards to get a Codification-Type Treatment

Posted by Alex Roweon Tue, Mar 26, 2013 @ 03:05 PM

Today The Public Accounting Oversight Board released a proposal to re-organize their official auditing standards. The document is open to public comment, and a meeting was held early this morning to begin the process. 

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Tags: Internal Controls, auditing standards, Martin Baumann, Vibato, PCAOB

Vibato Vlog- General Ledger Account Change Request

Posted by Alex Roweon Tue, Mar 26, 2013 @ 10:40 AM

Check out CIO and Co-Founder of Vibato, Teresa Bockwoldt, explaining the best way to deal with a General Ledger Account Change Request.

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Tags: Internal Controls, teresa bockwoldt, best practices, accountingtemplates.com, Vibato, general ledger account change request

Cyber Threats & Climate Change – New Disclosure Considerations

Posted by Alex Roweon Mon, Mar 25, 2013 @ 12:11 PM

With new elements of business constantly emerging, controversy arises over what are considered material risks when it comes to financial reporting. The public is beginning to demand that companies disclose liabilities regarding cyber threats and even climate change. Normally these topics are avoided in reports, as they are highly subjective and can sway opinions easily. But this is the first proxy season that shareholders are asking for detailed disclosure on the topics. 

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Tags: financial reporting, cyber threats, proxy season, fast, BATO, shareholders, material risks, Vibato, SEC, transparency, climate change

Accounting Tip of the Day! Secure Network Solution

Posted by Alex Roweon Mon, Mar 18, 2013 @ 01:43 PM

Accounting Tip of the Day!

External Network Access Tip:

At times, external users may need to access your secure network (think onsite auditors who may need to use a printer or the like). This presents a Sarbanes-Oxley COBIT compliance problem as well as introducing your network to the potential hazards of a virus or a computer without a firewall. Since it can be very difficult to keep track of internal vs. external devices on your network on a day-to-day basis, we at Vibato and AccountingTemplates.com have come up with a nice solution to help mitigate the risk while providing a solution for companies with limited staff to help manage this problem. 

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Tags: Accounting Tip of the Day, SOX, best-practice, sox compliance, accountingtemplates.com, secure network, external network, Vibato, accounting, firewall

Vlog on How to Handle with your SSAE 16 / SAS 70

Posted by Alex Roweon Tue, Mar 12, 2013 @ 10:10 AM

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Tags: Internal Controls, audit, SOX, legislative compliance, SSAE 16, Sarbanes-Oxley, Vibato, SAS 70, accounting

CA lawyer charged with FRAUD for his opinion mill

Posted by Alex Roweon Fri, Mar 08, 2013 @ 01:31 PM

The Securities and Exchange Commission has charged a California based lawyer, Brian Reiss, with selling fraudulent legal opinion letters through his website. These documents were issued to transfer agents on behalf of holders, to lift restrictions on stocks to be freely traded again.

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Tags: brian reiss, Securities and Exchange Commission, photoshop, 144, stock market, fraud, SEC, reiss

Do organized Accountants get to play more? BATO says YES!

Posted by Teresa Bockwoldton Thu, Mar 07, 2013 @ 12:37 PM

Do organized accountants get to play more?

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Tags: Accounting Tip of the Day, BATO, accounting

Vlog on Recognizing Revenue!

Posted by Alex Roweon Wed, Mar 06, 2013 @ 03:54 PM
Check CIO and Co-Founder of Vibato, Teresa Bockwoldt, speaking on how to test internal controls surrounding recognizing revenue! Any questions?
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Tags: Internal Controls, teresa bockwoldt, audit, Vibato, accounting, vlog, recognizing revenue

Evaluating IPO

Posted by Alex Roweon Mon, Mar 04, 2013 @ 04:14 PM

Anyone interested in investing knows that IPO is a company’s initial public offering- the price they first sell shares for on the stock market. Companies must adhere to federal securities law by registering any transactions with the Securities and Exchange Commission.  Here is a general high-level guideline for evaluating the quality, merit, and fairness of a company’s IPO to help you can make educated investments.

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Tags: financial risk, investing, IPO, shareholder, prospectus, EDGAR database

Educated Investing: Annual Shareholder Meeting Q's

Posted by Alex Roweon Fri, Mar 01, 2013 @ 11:43 AM

Commissioner Luis A. Auiglar from the SEC recently released an article regarding the importance of corporate disclosure at annual shareholder meetings, and the connection between transparency and happy investors.

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Tags: investing, BOD, political spending, leadership, proxy report, shareholder, annual shareholder meeting, Vibato, corporate governance, board of directors, educated investing