Open Offer to Mitt Romney & Newt Gingrich Regarding Sarbanes-Oxley

Posted by Teresa Bockwoldton Sun, Mar 11, 2012 @ 09:47 AM

Open Offer to Mitt Romney & Newt Gingrich: I would pay you each $10,000 to hold a 1 hour publicized debate with me about Sarbanes-Oxley Section 404(a), (b), and (c).

Let's speak seriously about this issue.

 

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, Announcements, 404, 404 audit, Non-accelerated filer 404(b) information, SOX Basic®, SOX Compliance Made Simple, Wall Street Reform, Sarbanes-Oxley Training, risk management, Sarbanes-Oxley, Internal Control Education

Internal Control Alert: House Votes to Block Full Funding for the SEC

Posted by Teresa Bockwoldton Tue, Mar 06, 2012 @ 04:00 PM

From Barney Frank just now....oh, this will be an interesting year! This is still early but the ramifications could affect the Sarbanes-Oxley 404(c) permanent reprieve for non-accelerated filers which could cause a need for external audit to review the internal controls of all public companies...we will keep you posted.

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Tags: Sarbanes-Oxley Articles & Information, 404, Wall Street Reform, SEC

Internal Controls: Response to Capital Market Regulation Needs an Overhaul

Posted by Teresa Bockwoldton Wed, Apr 20, 2011 @ 06:56 PM

Hal. S. Scott published an article today entitled "Capital Market Regulation Needs an Overhaul" located via this link:

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, SOX, Non-accelerated filer 404(b) information, Wall Street Reform, internal control, Sarbanes-Oxley, external auditing

The Economic Benefits of the Sarbanes-Oxley Act?: Evidence From a Natural Experiment

Posted by Bill Bockwoldton Tue, Jan 18, 2011 @ 06:14 PM

Interesting post from www.compliancehome.com

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Tags: Sarbanes-Oxley Articles & Information, 404, 404 audit, Non-accelerated filer 404(b) information, Wall Street Reform, compliance, risk management, Sarbanes-Oxley

Law Firms Dodd-Frank And Community Banks - Cost Burdens Of Compliance And Litigation Will Make It More Difficult To Speed Recov

Posted by Bill Bockwoldton Wed, Jan 05, 2011 @ 11:22 AM

This is a great article by http://www.metrocorpcounsel.com.  Here is a snippet:

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Tags: Wall Street Reform, compliance

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

Posted by Bill Bockwoldton Wed, Dec 08, 2010 @ 07:22 PM

From the Center for Audit Quality (CAQ):

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Tags: Sarbanes-Oxley Articles & Information, 404, 404 audit, audit costs, Wall Street Reform, compliance, Sarbanes-Oxley, audit scope, external auditing

Sarbanes-Oxley Compliance: Not Slowing Down!

Posted by Teresa Bockwoldton Fri, Aug 27, 2010 @ 04:00 PM

We thought this information would be interesting to our readers.    
As many of you know, since March of this year, I have been in Spain, Italy, all over China (several times), and all over the US implementing Sarbanes-Oxley requirements using our SOX Compliance Made Simple © product with great success.  

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Tags: Non-accelerated filer 404(b) information, SOX Basic®, SOX Compliance Made Simple, Wall Street Reform, Product Information, Sarbanes-Oxley, Compliance in China

SOX 404(b) Exemption was Passed with the Wall Street Reform Act – But Non-Accelerated Filers are Still On the Hook for Controls

Posted by Teresa Bockwoldton Wed, Jul 28, 2010 @ 04:00 PM

Now that the wait for the 404(b) reprieve is over, it appears that a new trend is emerging to investigate 404(a) statements more closely, as expressed in recent articles on investor and auditor sentiment regarding the legislative change. We are hearing from auditors directly that they will be applying more scrutiny to 404(a) statements made by their clients in their financial reports, to ensure that there is a real basis for self-certification. The newly aggressive SEC and DOJ are expanding personnel and focusing on Corporate Governance and the role of Audit Committees, Directors and Company Officers in Compliance and Financial reporting.

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Tags: Sarbanes-Oxley Articles & Information, risk assessment, Announcements, 404, 404 audit, Non-accelerated filer 404(b) information, Wall Street Reform, risk management, Sarbanes-Oxley for Non-Profits

"Two Cheers for Sarbanes-Oxley"? Well, we'll see.

Posted by Teresa Bockwoldton Wed, Jul 21, 2010 @ 02:00 PM

The article below was sent from a dear friend of mine and fellow SOX enthusiast, Clark Keeler, Director, BPM.  I find the article to have a significant amount of irony considering it claims that "American business people of a conservative nature have been dreaming about driving a stake through the heart of the Sarbanes-Oxley act ever since the legislation was passed..." It would seem to me that if a person was truly fiscally conservative, they would consider Sarbanes-Oxley to be the prudent choice rather than the radical one.  Internal controls require there to be a check point in a business procedure that requires someone other than the preparer of the documentation to verify the accuracy of what was prepared.  This verification prevents someone from acting alone when making decisions about shareholder assets (physical assets, capital, intangible assets, etc). I am of the opinion that this double check adds a necessary layer of review considering the potential for fraud, errors, omissions, etc.  Considering all that we at Vibato, LLC have found when testing internal controls, this is no longer just opinion but rather, fact.  Read more on the article here:

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Tags: Sarbanes-Oxley Articles & Information, Compliance tools, Announcements, 404, 404 audit, audit costs, Non-accelerated filer 404(b) information, SOX Compliance Made Simple, Wall Street Reform, Sarbanes-Oxley Training, Sarbanes-Oxley, external auditing, Sarbanes-Oxley for Non-Profits

House Approves Wall Street Reform Package

Posted by Teresa Bockwoldton Thu, Jul 01, 2010 @ 01:00 PM

I read an interesting Press Release this morning, titled "House Approves Wall Street Reform Package." To read the press release, follow the link below:

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Tags: Compliance tools, Announcements, audit costs, Wall Street Reform, compliance