Interesting article on User Developed Applications (UDAs). This could also apply to spreadsheets used for internal controls work, especially if they are distributed across departments and not centralized. Applications are typically developed for expense calculation and tracking (e.g. stock comp expense) as well as financial analysis. We try to take an approach that these types of tools should have permission control and be stored in documented locations where appropriate review and updating can be performed. It makes audit-related work much easier in the end!
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Tags: Sarbanes-Oxley Articles & Information, Compliance tools, 404, 404 audit, audit costs, Non-accelerated filer 404(b) information, Sarbanes-Oxley Training, risk management, external auditing
The Public Company Accounting Oversight Board has made a concept release on the "Possible Rulemaking Approaches to Complement Application of Section 105 (C)(6) of the Sarbanes-Oxley Act of 2002."
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Tags: Sarbanes-Oxley Articles & Information, Announcements, 404, deadline, 404 audit, Non-accelerated filer 404(b) information, compliance, risk management, Sarbanes-Oxley, external auditing
While reading The Harvard Law School Forum I came across a post that discusses the "Sarbanes-Oxley 'Clawback' Developments" by John F. Savarese. It is very interesting, and if you would like to read it, click here.
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Tags: Sarbanes-Oxley Articles & Information, Announcements, 404, deadline, 404 audit, audit costs, Non-accelerated filer 404(b) information, SOX Basic®, SOX Compliance Made Simple, risk management, Sarbanes-Oxley, external auditing, insurance audit
PRNewswire has a very interesting article on the most recent FEI Survey titled "FEI Survey: Companies Report Signs of Stabilization with 2009 Auditing Process." The survey found that most companies complying with SOX had smoother audit processes and felt they had better control and understanding of their company as well as their responsibility. Ultimately, they found SOX to be valuable to their business process. If you would like to read the full article about the survey and its findings, please click on the link below:
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Tags: Sarbanes-Oxley Articles & Information, Compliance tools, Announcements, deadline, 404 audit, audit costs, Non-accelerated filer 404(b) information, SOX Compliance Made Simple, compliance, risk management, Sarbanes-Oxley, external auditing, Sarbanes-Oxley for Non-Profits
I read a press release titled "Decision in Free Enterprise Fund v. PCAOB". To read the full press release, click on the link below:
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Tags: Sarbanes-Oxley Articles & Information, Compliance tools, Announcements, 404, 404 audit, audit costs, Sarbanes-Oxley Training, compliance, risk management, Sarbanes-Oxley, external auditing, Sarbanes-Oxley for Non-Profits
