As this is my first column for Compliance Week, I’ve decided to go slowly, and start with a light, non-controversial topic: complexity in financial reporting. Just kidding—I actually can’t think of a more contentious or divisive topic. In fact, it seems like everybody is talking about complexity in our financial reporting and standard setting—it’s a […]
Colleen Cunningham
Posted inInternal Controls
Getting Control Over Internal Control Rules
The March 16 deadline for public companies to complete an audit of their internal controls over financial reporting under the requirements of Sarbanes-Oxley Section 404 has come and gone. Now that we have gone through the first run of this mammoth compliance effort, it’s time to review what we have learned and identify ways to […]
Posted inFrom the Archive
Top 10 Financial Reporting Challenges For 2005
Last week, the CEO of Financial Executives International, Colleen Cunningham (formerly Sayther), crafted for members a list of the “top 10 financial reporting challenges for 2005.” Though there aren’t many surprises in the list, it is a nice compilation of the key issues that should be on companies’ radar screens during the new year. We’re […]