The Wall Street Reform and Consumer Protection Act of 2010 – passed in July 2010 -- permanently exempted non-accelerated filers (public companies with a market cap <$75M) from Sarbanes-Oxley, Section 404(b), which requires an external audit review of a company’s internal controls over financial reporting. Instead, non-accelerated filers can continue to “self-certify” the adequacy of their internal controls under the requirements of Sarbanes-Oxley, section 404(a).
Tags: Internal Controls, 404, Sarbanes-Oxley
I thought it would be interesting to review the lessons proffered from Sam E. Antar - the former CFO of Crazy Eddie, Inc. His website is whitecollarfraud.com and he has some pointed things to say about internal controls and Sarbanes-Oxley. And he should know, as one of the co-conspirators of an amazingly complex fraud scheme that made his family nearly $100 million in the 1980's - long before Enron, Tyco, and WorldCom.
Tags: Internal Controls, SOX, 404 audit, fraud
Vibato is pleased to announce the availability of complimentary educational Sarbanes-Oxley, risk assessment, and internal control related surveys and interactive educational checklists. This information will allow you to receive tailored advice or allow you to learn about a variety of topics.
Tags: Sarbanes-Oxley Articles & Information, Compliance tools, Surveys, best-practice, Sarbanes-Oxley Training, Entity Level Controls
We're approaching the 10K filing deadline (tomorrow) and it's been a great year for Vibato clients once again for receiving a clean opinion on their internal controls!
Tags: control reduction, audit, 10k, internal control
Who says SOX doesn't pay?
Tags: Internal Controls, SOX, 304, clawback
