We thought we'd share this interesting question:

 From Ignacio (Iggy) F. 

• Can you provide an opinion about SOX and Latin America. I need information for a personal project related to companies listed on the NYSE and what are their main concern of these companies related to corporate governance & SOX. Thanks!! iggy

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, 404, 404 audit, Sarbanes-Oxley Training, Sarbanes-Oxley, Internal Control Education

Join us for our SSAE 16 Webinar Series

Due to large demand, Vibato has access more dates for our complimentary webinar on how to review your vendors internal control by using their SSAE 16 document (formerly known as SAS 70).

* Title: SAS 70 to SSAE 16: How to Review your Vendors Internal Control Report  * Presenter: Teresa Bockwoldt, Vibato Co-Founder * Date: Starting on March 8, 2012 and continuing each week until April 12, 2012 * Time: 12:00PM - 1:00PM PST * Cost: FREE Vibato, LLC, a leading provider of internal control solutions, invites you to attend a group-internet-live based seminar.  At this free event, our internal control experts will discuss and demonstrate ways to review the new SSAE 16 documents (previously called SAS 70) to ensure your company understands the usefulness of this document, how it can impact your organization, when to ask for one, and what to do with it once you have it.  Who Should Attend?  CFOs, Controllers, Internal Audit, Compliance Executives, Audit Committee Members, External Auditors, Audit Firm Staff Development Directors, are encouraged to attend.    Attendees will receive our complimentary SSAE 16 Analysis Document as a thank you for attending.    Time will be allocated for Q&A with the presenter at the end of the webinar.   Title: SAS 70 to SSAE 16: How to Review your Vendors Internal Control Report   Register for a session now by clicking a date below: Thu, Mar 8, 2012 12:00 PM - 1:00 PM PDT Thu, Mar 15, 2012 12:00 PM - 1:00 PM PDT   Thu, Mar 22, 2012 12:00 PM - 1:00 PM PDT   Thu, Mar 29, 2012 12:00 PM - 1:00 PM PDT   Thu, Apr 5, 2012 12:00 PM - 1:00 PM PDT   Thu, Apr 12, 2012 12:00 PM - 1:00 PM PDT Time: 12:00 PM - 1:00 PM PST   After registering you will receive a confirmation email containing information about joining the Webinar.   System Requirements PC-based attendees Required: Windows® 7, Vista, XP or 2003 Server   Macintosh®-based attendees Required: Mac OS® X 10.5 or newer     Space is limited. Reserve your Webinar seat now!

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, Compliance tools, 404, 404 audit, SSAE 16, Sarbanes-Oxley Training, compliance, internal control, SAS 70, Internal Control Education, internal control tips

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, Compliance tools, 404, 404 audit, SSAE 16, Sarbanes-Oxley Training, compliance, internal control, SAS 70, Internal Control Education, internal control tips

There was a new PCAOB alert today that everyone should know about. Here are the details:

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Tags: Internal Controls, best-practice, PCAOB, internal control tips, Close Best Practices

New legislation is gaining steam that would change the definition of which companies are subjected to an external audit review of their internal controls (e.g., Sarbanes-Oxley Section 404(b)). The bill, called 'H.R.3606 - Reopening American Capital Markets to Emerging Growth Companies Act of 2011,' passed the House by an overwhelming bipartisan vote of 54-1. The bill still has to go through the Senate and then get Presidential approval before it becomes law (you can follow the progress here: http://www.opencongress.org/bill/112-h3606/show). 

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Tags: Internal Controls, Sarbanes-Oxley Articles & Information, 404, SOX, AICPA, 404 audit, audit costs, Non-accelerated filer 404(b) information, Sarbanes-Oxley Training, Sarbanes-Oxley, external auditing, Internal Control Education