Internal Controls

Powerpoint version of a presentation given by Compliance Week editor and publisher Scott Cohen at KPMG’s 404 Institute on Sept. 15, 2004.

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. So where do you actually work—in one of the hotels or casinos? Yep, I’m physically located at the Trump Taj […]

Arecent survey suggests that nearly 70 percent of European companies are only at the beginning stages of their Sarbanes-Oxley Section 404 projects, and that many of them are all but ignoring the whistleblower provisions of SOX 301. The study, conducted by Netherlands-based consulting firm A.R.C. Morgan, surveyed 376 companies from 21 European countries. Most respondents […]

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. Sunoco divides up its corporate compliance and governance between two people. What do you oversee? I have three titles and […]

Personnel issues are the second most frequently cited internal control weakness that companies are disclosing as they comply with Sections 302 and 404 of The Sarbanes-Oxley Act. Those issues are second only to problems with financial systems and procedures. According to Compliance Week’s most recent analysis of SEC filings during the month of August, 54 […]

SECTION 404 The August Data View The Actual Internal Control Disclosures From August View Sample Disclosures Of Remediation Efforts From August According to a review of regulatory filings during the month of August, 92 companies disclosed material weaknesses or significant deficiencies in internal controls, or provided material updates on the status of their control-improvement processes. […]

When engaged in an ambitious effort, be it climbing a mountain, building a house, or writing a novel, many people have a tendency to quicken their pace once the long-sought goal finally comes into view. The same holds true for Sarbanes-Oxley Section 404 compliance projects. Many months have gone into documentation, testing, and remediation, and […]

A specialty chemical company recently informed the Securities and Exchange Commission that it violated new rules prohibiting loans to executives. It also said a deficiency identified by its auditor caused the company’s disclosure controls and procedures not to be effective at a “reasonable assurance level.” Although the case involves a very small company, it provides […]

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. Rumor has it you printed T-shirts for your Section 404 project team. True? We did. One of the fun parts […]