Excluding the new guys can go a long way to helping a corporation assess to its internal controls (not to mention get sign-off from the auditor). A Compliance Week study of the 10-K filings of nearly 300 large companies found that 11 percent took exclusions when attesting to their internal controls last year. Most of […]
Dunn Christine
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Survey: Most Execs Unhappy With Their ERM
Less than 40 percent of senior executives have much faith in their companies’ ability to identify and manage significant risks to their business, according to a recent study by risk-management consultancy Protiviti. Protiviti polled 76 C-level executives at Fortune 1000 companies who were “strategically responsible” for risk management. A slim 38 percent said their companies […]
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U.S., Japanese Regulators Team Up To Combat Fraud
Japan’s securities regulators, seeking to maintain investor confidence in the country’s markets amid the Livedoor accounting scandal, agreed to expand a relationship with the U.S. Securities and Exchange Commission so that the countries can increase their ability to exchange information and collaborate on enforcement matters. Gomi SEC Chairman Christopher Cox and Hirofumi Gomi, commissioner of […]