Internal Controls

A new report released this month suggests that both large and small public companies will see huge reductions in the costs associated with complying with Section 404 of Sarbanes-Oxley, as regulators are expected to soon consider whether to scale back the requirements of that provision for some companies. The study of 404 costs, conducted by […]

At the request of subscribers, Compliance Week has launched a Remediation Center, in which readers can submit questions—anonymously—to securities and accounting experts. Compliance Week’s editors will review all questions and then submit them—confidentially, of course—to specialists who can address the issues. The questions and responses will then be reprinted in a future edition of Compliance […]

With a full year of audit firm inspections under their belt, auditing regulators issued a report last week offering advice on how accounting firms can audit more efficiently and effectively in the post-Sarbanes-Oxley world. The Public Company Accounting Oversight Board acknowledged the significant challenges companies and their auditors faced in the first year of implementing […]

With a full year of audit firm inspections under their belt, auditing regulators issued a report last week offering advice on how accounting firms can audit more efficiently and effectively in the post-Sarbanes-Oxley world. The Public Company Accounting Oversight Board acknowledged the significant challenges companies and their auditors faced in the first year of implementing […]

In my last column, which was published in Compliance Week’s November 2005 monthly print magazine, I outlined some of emerging thinking—and changes in direction—regarding compliance with Section 404 of Sarbanes-Oxley (see “Resources, Ownership And Discipline; Key 404 Lessons” in box at right). This month we continue the discussion, now looking at what some companies are […]

At the request of subscribers, Compliance Week has launched a Remediation Center, in which readers can submit questions—anonymously—to securities and accounting experts. Compliance Week’s editors will review all questions and then submit them—confidentially, of course—to specialists who can address the issues. The questions and responses will then be reprinted in a future edition of Compliance […]

The Committee of Sponsoring Organizations of the Treadway Commission has finally published for comment its long-awaited draft of guidance for smaller public companies on using its framework to address the internal control provisions Sarbanes-Oxley. For months, companies and regulators have been anxiously awaiting the 207-page guidance, which was finally issued last week. Its expected arrival […]

This profile is the latest in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. Rockwell only created your position in February. Why then? Rockwell, being a former defense contractor, has had numerous compliance concerns […]

Whether they believe in the merits of Sarbanes-Oxley or not, executives at public companies may be interested in the findings of two new reports related to the Act, both of which predict reductions in the Year Two costs associated with complying with Section 404, the much-maligned provision of the law that deals with internal control […]