This is a great email alert that came out today from the SEC:Read More
We just read this great article from Fraud Magazine here is a snippet that we thought we'd share:
Here's a quick tip on how your 10-K language may need to change to represent your compliance with the new COSO 2013 standards / Sarbanes-Oxley. Remember, this is due by 12/15/2014, it is not optional, and if you directly reference the 1992 guidance like most companies do, you will need to make this edit.
I found an interesting article from intuit relating to IT General Computer Controls (ITGCC) and what is the definition of a minimum requirement for a password to be accepted as 'complex.' According to the article from Intuit:
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.
Do organized accountants get to play more?
2 Minute Vlog Accounting Tip of the Day: How to Organize Internal Control Testing Samples
In less than 2 minutes, learn about how to organize internal controls test samples into binders for easy delivery and review by external auditors and stakeholders.
2 Minute Vlog Accounting Tip of the Day: Month-End Close Checklists
In less than 2 minutes, learn how and why you should create a period-end close checklist for your organization. Brought to you by Vibato, LLC; simply the best in compliance services.