Who says SOX doesn't pay?
The PCAOB released their first public research note earlier this week, "cautioning U.S. registered accounting firms that their audits of companies with operations outside of the U.S., particularly in China, may not be in accordance with PCAOB standards if the company accessed the U.S. capital markets through a reverse merger transaction." The actual research note can be found here.
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Tags: Internal Controls, reverse merger, PCAOB, audit deficiency
I found an article very interesting today about disclosures released from LinkedIn as part of their planned IPO. Language used described material weaknesses in a seemingly similar way that other forward-looking statements are made - which I find disturbing.
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Tags: Internal Controls, 404, IPO
When considering the acquisition of a Foreign entity, it is prudent to review their internal controls for any issues that could be cited under the Foreign Corrupt Practices Act (FCPA). Large fines and increasing enforcement are causing companies to think twice before jumping in to new deals.
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Tags: Internal Controls, segregation of duties, FCPA, risk assessment, Acquisition, Sarbanes-Oxley
Hiring a new employee in the finance department at your small-to-medium business?
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Tags: Internal Controls, risk assessment, Sarbanes-Oxley Training, Sarbanes-Oxley
