Free Webinar: SSAE 16: How to Review your Vendors Internal Controls

Posted by Teresa Bockwoldton March 4, 2012


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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

Change to Sarbanes-Oxley Section 404 Requirements in 2012 Likely

Posted by Teresa Bockwoldton February 22, 2012

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: 

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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

August 3, 2011: Financial Risk Assessment Free Webinar

Posted by Teresa Bockwoldton June 24, 2011

 You are cordially invited to the Vibato Webinar Series, How to Perform a Financial Risk Assessment being held on Wednesday, August 3, 2011 10:00 AM - 11:00 AM PDT.  

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Tags: Sarbanes-Oxley Articles & Information, financial risk, Compliance tools, risk assessment, best-practice, SOX Compliance Made Simple, Sarbanes-Oxley Training, compliance, risk management, Sarbanes-Oxley, audit scope, Internal Control Education

New Video Posted- Internal Controls Considerations for Nonprofits

Posted by Teresa Bockwoldton June 3, 2011
Watch to learn about financial repoting concerns that you should consider when implementing internal controls at at non-profit organization.

On May 24, 2011 at Sonoma Mountain Village, Teresa Bockwoldt spoke on behalf of Vibato, LLC for the North-Bay 2011 Board Member Boot Camp for Non-Profits.

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Tags: Internal Controls, risk assessment, Vibato Products, Sarbanes-Oxley Training, risk management, Vibato

Internal Control Deficiency Measurement in 5 Steps

Posted by Teresa Bockwoldton April 13, 2011

An internal control deficiency can be caused by a number of issues but it is primarily defined as an error discovered during internal controls testing (e.g., a payment was coded to utilities when it should have been coded to inventory) or during a review of the internal control evidence (e.g., the internal or external auditors discover the coding mistake rather than management finding it as part of their closing activities).  An internal control deficiency may also occur simply from someone forgetting to execute one of their internal controls entirely.

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Tags: Internal Controls, Compliance tools, risk assessment, audit, SOX, 404 audit, best-practice, Controls Testing, 10k, Product Information, Sarbanes-Oxley Training, compliance, risk management, Sarbanes-Oxley, audit deficiency, Internal Control Deficiency