Accounts Payables Internal Controls: Signature Example Sheet Available

Posted by Teresa Bockwoldton February 27, 2010

Want to save your accounts payable department time and money?  Help them perform their job better and faster by providing them with a signature example sheet. This sheet should list the name, title, signature example, and initials example of each person who is authorized to approve payments for your company.  This way, the AP Clerk will be able to recognize the approval signature and not have to ask questions or better yet, recognize when the approval signature is not correct and then escalate concerns...

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Tags: Compliance tools, Controls Testing, Sarbanes-Oxley Training, compliance, Sarbanes-Oxley

Compliance Breaking News: FASB Amends Subsequent Events Guidance

Posted by Teresa Bockwoldton February 24, 2010

From a breaking news email I received from PwC today: 

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Tags: Compliance tools, compliance

Sarbanes-Oxley Reprieve for Non-Accelerated Filers: The clock is ticking….

Posted by Teresa Bockwoldton February 24, 2010

Here is the Sarbanes-Oxley non-accelerated filer reprieve reality for fiscal filers with yearend dates between June 15 and December 31.  Your auditors are going to expect you to provide them with at least two quarters worth of functioning controls data.  They will also expect to be able to go back in time to randomly test at least two quarters worth of data (so just because you give them your test work does not mean that is all they will ask you for. They will ask for other samples in an attempt to uncover any attempts by you to give them only clean examples and they will watch you pull the samples to ensure you do not have the opportunity to fix problems prior to handing over the documentation). 

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Tags: Compliance tools, audit costs, Non-accelerated filer 404(b) information

Vibato, High Street Partners and Silicon Valley Bank Webinar on 3/4/2010

Posted by Teresa Bockwoldton February 22, 2010

Join us for a great discussion on things you should consider prior to going public.  This discussion is free and open to everyone

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Tags: Compliance tools, Sarbanes-Oxley Training

Compliance Tools: Still More Codification Cheat Sheet Information

Posted by Teresa Bockwoldton February 18, 2010

Here is more codification information from the FASB Accounting Standards.  Please verify the accuracy of this information prior to relying on it. 

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Tags: Compliance tools, Controls Testing, Sarbanes-Oxley Training, compliance, Sarbanes-Oxley, Codification tools