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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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
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
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
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
