Failed Audits of China-Based Company Lead to SEC Charges

Posted by Juliette Gibsonon Wed, Oct 02, 2013 @ 02:59 PM

Since our Vibato® Internal Control Suite® tools are available in Mandarin and our products have been being sold in China for several years, we are always interested in news surrounding SEC audits there. It is unfortunate to see a US-based auditing firm failing their clients and helping to continue the negative press China companies often receive while trying to comply with SEC standards. 

Read More

Tags: audit, Securities and Exchange Commission, financial reporting, Compliance in China, SEC, SEC fines, audit deficiency

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. 

Read More

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