PCAOB Release No. 2010-008 PROPOSED TEMPORARY RULE FOR AN INTERIM PROGRAM OF INSPECTION RELATED TO AUDITS OF BROKERS & DEALERS

Posted by Bill Bockwoldton December 16, 2010

New ruling from the PCAOB yesterday.  Here is a tidbit and the entire link to the ruling is below: 

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Tags: PCAOB News & Information, compliance, external auditing

Using Six Sigma Philosophy in Small Business Enhances Productivity of Organization

Posted by Bill Bockwoldton December 9, 2010

Vibato products are based on Six Sigma guidance and here is a great snippet of an article about how Six Sigma can benefit your company:

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Criminal Exposure Under Sarbanes-Oxley

Posted by Bill Bockwoldton December 9, 2010

Great article from the Criminal Defense Lawyers Los Angeles.  Here is a snippet:

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Tags: Sarbanes-Oxley Articles & Information, 404, 404 audit, compliance, Sarbanes-Oxley, audit scope

Accounting Tip of the Day: Keep your old files...?

Posted by Bill Bockwoldton December 8, 2010

Sarbanes-Oxley legislative rules dictate that audit-related documentation must be kept for 7 years.  To that end, when the question arises "should I keep this?" the answer is going to typically be yes.  Vibato recommends storing all of your internal audit documentation in a bankers box by year and marking on the outside with a Sharpie that the contents should not be destroyed before X year (X year equals this year + 7).  

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Tags: Accounting Tip of the Day

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

Posted by Bill Bockwoldton December 8, 2010

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