It pays for an Auditor to know high-end brands because it is EXTREMELY difficult for people to hide their new-found wealth and typically the first way they show it is through their cars, jewelry, watches, bags, etc. It is human nature to brag and that starts with how you look, the brands you wear, and the car you drive. Case in point - we were once hired to investigate a company that couldn't figure out how they were "leaking so much money” considering they had only 7 employees. So, the first thing I asked for was a list of everyone's salaries and I inquired about each person’s background. Here is what I found:Read More
5 Reasons why YOU should speak out against Jeffrey Skilling’s early jail release.
This is a great article looking at the outcome of a recent SEC investigation into Medifast's financial reporting from 2006 through 2009. Medifast disclosed, without admitting or denying the SEC's findings, that under the terms of the settlement it has consented to a Cease-and-Desist Order and agreed to pay a $200,000 civil penalty.
Tags: Internal Controls, Sarbanes-Oxley Articles & Information, segregation of duties, risk assessment, Announcements, SOX, external audit, SOX Compliance Made Simple, White Collar Fraud, Bay Area Accounting Professionals Mixer, Sarbanes-Oxley Training, internal control, risk management, Sarbanes-Oxley, external auditing, Internal Control Education, internal control tips, Sarbanes-Oxley for Non-Profits, corporate governance
It's an exciting month here at Vibato! Check out new website, CPE events, and informational resources!
Tags: Sarbanes-Oxley Articles & Information, segregation of duties, Vibato Partners, SOX, Vibato Products, Vibato Webinars, Petition, SOX Compliance Made Simple, BATO, Process Improvement, SOX & the Justice Department, software, sox compliance, accountingtemplates.com, Jeffrey Skilling, White Collar Fraud, Bay Area Accounting Professionals Mixer, CPE, Sarbanes-Oxley Training, Sarbanes-Oxley, Vibato, Internal Control Education, Sarbanes-Oxley for Non-Profits