Internal Controls and the Changing Role of Directors and Officers

Posted by Nancy Johnsonon July 18, 2011

Two lawsuits -- one coming to a close in Australia, the other just beginning in Cincinnati, Ohio -- remind us that public company Directors and Officers (D&Os) are facing greater scrutiny and liability than ever before. They also reinforce how the presence or absence of a company's internal controls -- over financial reporting as well as compensation decisions -- can be used to protect or vilify D&Os in court.

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Tags: Internal Controls, Entity Level Controls

SEC Final Rules Give More Reasons to Review Your Internal Controls

Posted by Nancy Johnsonon July 1, 2011

A little over a month ago, the SEC adopted its Final Rules regarding the Dodd-Frank whistleblower program. 

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Tags: Internal Controls, whistleblower policies, Entity Level Controls

Educational Vibato Surveys & Checklists Available

Posted by Teresa Bockwoldton April 1, 2011

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.  

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Tags: Sarbanes-Oxley Articles & Information, Compliance tools, Surveys, best-practice, Sarbanes-Oxley Training, Entity Level Controls

Compliance Alert: Independent Comp Committees May be Required

Posted by Teresa Bockwoldton June 23, 2010

The amendment below to the Wall Street Reform Act has been passed.  The amendment still needs to be signed into law but it requires (among other things) an Independent Compensation Committee.  This will impact certain exchanges and will most certainly be tested as part of Sarbanes-Oxley controls.

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Tags: 404, 404 audit, Non-accelerated filer 404(b) information, Sarbanes-Oxley, Entity Level Controls

Sarbanes-Oxley Whistleblower Hotline to pass

Posted by Teresa Bockwoldton February 6, 2010

One of the requirements as laid out by the Committee of Sponsoring Organization or COSO for the Entity Level control is a whistleblower hotline. 

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