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Results for auditing. Search took 0.51 seconds.
Hedge funds lied to investors
in Sox First, on October 15, 2009
...ons about other topics (28%),'' the researchers say. "Misrepresentation, the failure to use a major auditing firm and the use of internal pricing are significantly related to legal and regulatory prob...
Cloud versus on-premises security
in The CIO Weblog, on August 13, 2009
...at may be the real knock against cloud solutions when compared with their on-premises counterparts. Auditing third-party systems for security compliance is not a completely unknown problem in the IT w...
More on the Satyam-PWC scandal
in Sox First, on May 27, 2009
...companies hire their own auditors, and finally make each listed company pay a fee to an independent auditing organization which then hires the auditors for member companies. Over the top? This proble...
Some emission reduction strategies
in Supplychainer, on April 7, 2009
...ter optimized transport.
- Reducing packaging materials.
- Improving carbon labeling, standards and auditing tools.
- Increasing shared loading. ...
Maddoff's accountant: bring on the rest
in Sox First, on March 19, 2009
... plenty more. Obviously, investors need to do more due diligence. Letting regulators know who's auditing the books would be another good step....
The key themes in the supply chain of tomorrow
in Supplychainer, on March 9, 2009
... environmentally friendly products, making sourcing decisions that take into account Co2 emissions, auditing supplier working conditions and putting into place more efficient procurement process such ...
Compliance and Outsourcing
in The Outsourcing Weblog, on February 11, 2009
...sk.
Similar problems appear in other critical, but ancillary functions such as disaster recovery, auditing and governance. As regulators become more aware of these issues, however, it is reasonable ...
IP infringement is the new risk category in SCM
in Supplychainer, on December 29, 2008
...ers for design and manufacturing collaborations with suppliers
- The consulting firms which provide auditing services and supplier selection in countries like China with lower risk of IP infringement....
Oil watchdog's "corruption"
in Sox First, on October 15, 2008
...ell lost his job just after he received the department's highest award. He was discouraged from auditing the oil industry, and it just happens to coincide with the Bush administration coming to po...
Internal security is the most important security
in The CIO Weblog, on August 30, 2008
...t lock out your admins, but what you can do is put systems in place to conduct rigorous logging and auditing, and to require mutual reliance between staff for access to sensitive information. Compartm...
Managers' behavior and fraud: warning signals
in Sox First, on July 25, 2008
...itically evaluate their actions. The authors say that these variables need to be incorporated into auditing standards to give auditors enough of a warning sign....
The audit cartel
in Sox First, on June 4, 2008
...regulators routinely preach competition to everyone else, but go soft when it comes to dealing with auditing firms. They could restrict the number of FTSE companies that any auditing firm can audit an...
Failed audit in Iraq
in Sox First, on May 25, 2008
No surprises that US government auditors have found that the contracting practices in Iraq are deficient. And a complete waste of taxpayers' money. The New York Times reports that the us army 's disbursement of $8.2 billion in taxpayer money on contractors in Iraq lacked adequat...
Enporion completes SAS 70 supply chain audit
in Supplychainer, on May 17, 2008
... chain management hosted solutions, Supply and Demand Chain Executive reported.
The Statement on Auditing Standards (SAS) No. 70, Service Organizations, developed by the American Institute of Certi...
PCAOB targets mortgage securities
in Sox First, on May 2, 2008
.... That's come out clearly in its latest report slamming the way Ernst & Young went about auditing an undisclosed originator of mortgage loans. The concerns raised by the PCAOB are valid gi...
Auditors and independence
in Sox First, on April 23, 2008
Auditors take note: from now on, you will have to tell audit committees all about compromising links BEFORE you do any work for them. As expected, the Public Company Accounting Oversight Board has brought in the new Rule 3526 requiring the audit firm "to describe in writing to the audit ...
Hedge Fund Bayou Group Founder Sentenced To 20 Years
in The Hedge Funds Weblog, on April 15, 2008
...srael III and finance chief Daniel Marino pleaded guilty in 2005 to using fake results and a phony auditing firm. Investors lost approximately $400 million according to court papers, but the governmen...
Fewer big corporations getting tax audits
in Sox First, on April 15, 2008
...ser look at the numbers tells the opposite. According to Trac , each revenue agent hour spent auditing the smallest corporations delivered an extra $682 in additional recommended taxes. By way o...
The winners from underpriced IPOs
in Sox First, on April 2, 2008
...ce requiring more outsiders on boards. Outsider staffing or outsider majorities now are required on auditing committees and other key committees of publicly traded firms. The study suggests that some...
Fraud and IPOs
in Sox First, on April 1, 2008
...ptimistic about the firm's industry prospect. surveying the the SEC's Accounting and Auditing Enforcement releases filed from 1996 to 2005, and data from the Stanford Law School's S...
No reduction in Section 404 controls
in Sox First, on March 5, 2008
...duction and one in four expected no more than something between 10 and 20 per cent. Significantly, Auditing Standard Number 5 approved last year by the Securities and Exchange Commission amidst ...
Who exposes corporate fraud?
in Sox First, on February 12, 2008
In their haste to pass Sarbanes-Oxley into law following the spate of scandals headed up by Enron, politicians and regulators neglected to look carefully at the issue of whistleblowers. Who actually blows the whistle ? What drives them to do it? Important questions because the answers tell...
20 Years For Hedge Fund Fraud
in The Hedge Funds Weblog, on January 30, 2008
...Israel III and finance chief Daniel Marino pleaded guilty in 2005 to using fake results and a phony auditing firm. Investors lost approximately $400 million according to court papers, but the governme...
PCAOB's global inspections
in Sox First, on December 8, 2007
...ity, and effective oversight of firms. PCAOB chairman Mark Olson has noted that after long last, auditing standards are converging. Still, the new development might have some problems. There are c...
Convergence confusion
in Sox First, on October 28, 2007
...re are issues about disclosure requirements, regulatory, enforcement, corporate governance regimes, auditing standards and practices, not to mention education of capital market participants. As Sarah...
PCAOB slates audits of small firms
in Sox First, on October 26, 2007
...ecember 15, between 13,000 and 14,000 companies will for the first time have to comply with complex auditing requirements of the Sarbanes-Oxley Act. And a report released this week by the Public Comp...
Internal auditor stress
in Sox First, on October 17, 2007
... prevention and detection. Other skill gaps included transactions, tax, major programs and contract auditing. Also, the workload seems to have increased. According to the survey, half the respondents...
Audit committee and SOX
in Sox First, on October 7, 2007
...sury Secretary Hank Paulson announcing the make-up of the Treasury Advisory Committee on the Auditing Profession . Some pretty high powered names in there so it's worth watching this space...
Top trends for internal auditors
in Sox First, on October 3, 2007
...s, and changing internal audit roles are ranked as the big issues that will reshape internal auditing over the next five years, according to a new PricewaterhouseCoopers study . According to ...
Beware of soaring profits
in Sox First, on September 24, 2007
...nd Earnings Management," which appeared in the spring 2007 issue of the Journal of Accounting, Auditing and Finance found that only a handful of companies should have had earnings-per-share growt...
No, that's "eXpresso"
in The CIO Weblog, on September 17, 2007
...really appropriate to it-if you have information that requires that complex a system of sharing and auditing, and that many varying utilization requirements, it probably belongs in a database of some ...
SEC charges accounting firms
in Sox First, on September 15, 2007
...rms and individuals - 37 firms and 32 audit partners - with violating Sarbanes-Oxley by failing by auditing public companies without registering with Public Company Accounting Oversight Board . Acc...
Missing Iraq dollars: Tales from the Coalition of the Billing
in Sox First, on September 15, 2007
...d in the mismanagement and greed, an unknown firm with a PO box in the Bahamas was put in charge of auditing. The full shocking account is contained in this piece from Donald Bartlett and James Steel...
Subprime meddling
in Sox First, on August 30, 2007
...the audit profession to be a stimulus of the economy. What does the government want from the auditing profession - independent verification of financial reporting to instill investor confidence...
Audit squeeze
in Sox First, on August 25, 2007
...r confirmation. According to that piece of research, median fees earned by the world's top auditing firms shot up by 345 per cent in the five years to 2006. One of the big reasons is that the...
SOX and fraud
in Sox First, on July 24, 2007
...ong. According to a new study from the Deloitte Forensic Center , found that "accounting and auditing enforcement releases," or AAERs, dealing with financial-statement analysis fraud actua...
Data Security Takes Center Stage
in Networking for Pros, on July 5, 2007
..., the company found out about the data theft only after being notified by a third-party. Inadequate auditing procedures may have contributed to the company's ignorance of the theft. These cases un...
Offshore Fund Training
in The Hedge Funds Weblog, on June 21, 2007
...Officers, Heads of Operations, Heads of Administration, Heads of Tax, Heads of Accounting, Heads of Auditing, and Heads of Technology for offshore hedge funds."
* Keep up with regulatory changes...
SOX compliance: time's up for small companies
in Sox First, on June 6, 2007
...again postpone the requirement that smaller public companies have a section 404 audit until the new auditing standard is available, with plenty of time for them to prepare." But don't hold y...
Audit rules eased
in Sox First, on May 28, 2007
...sh administration, the board that polices auditors has finally relaxed its contentious standard for auditing public companies. The new eased-back standard for Section 404, which the public company ...
Analysts and accounting fraud
in Sox First, on May 15, 2007
...fraud over the period from 1995 to 2002 as evidenced by the SEC's issuance of an Accounting and Auditing Enforcement release. They found that analysts were more likely to drop coverage of firms of...
Low pay for MBA beancounters
in Sox First, on May 10, 2007
...
MBA students expect the lowest amount of pay from accounting, auditing and tax work, according to a Fortune survey . According to the survey (which you can check out in full here ), MBA student...
Mending SOX - more work ahead
in Sox First, on April 7, 2007
... the differences between the SEC's "management guidance" and the PCAOB's proposed auditing standard known as AS-5 which critics have slated as too inflexible. Even the SEC press re...
BSI Open Source Software Security Suite
in Das Open Source Weblog, on 09.03.07
...its-Scanner Nessus auf. Hinzugekommen ist neben der BOSS-Oberfläche der Security Local Auditing Daemon (SLAD) der die Steuerung der angebundenen lokalen Sicherheitssoftware übernimmt. Die Benutzerfr...
Interview with Professor Paul M. Healy
in Sox First, on March 6, 2007
...ight end up with some of the same problems we saw before. SOX FIRST: What about the big changes to auditing since Sarbanes-Oxley? What are your views? HEALY: I don't think you can regulate good ...
SOX no good for whistleblowers
in Sox First, on February 17, 2007
...l, anonymous submission by employees of the issuer of concerns regarding questionable accounting or auditing matters." According to the study, it doesn't provide much protection for whistleb...
Faults in fraud auditing
in Sox First, on January 27, 2007
...n of fraud merley by checking off items on standard audit programs and checklists." Under the auditing standards, big audit teams are supposed to hold what the standard calls "brainstorming...
Liability caps ahead
in Sox First, on January 25, 2007
The ghost of Andersen lingers. Back towards the end of last year, I did a blog entry on a push in Europe to provide auditors with the protection of liability caps. Then the interim report of Hank Paulson's boys on the Committee on Capital Market Regulation called on Congress to serious...
Can New York bounce back?
in Sox First, on January 24, 2007
...tional accounting standards without reconciliation, and promoting the convergence of accounting and auditing standards. The report warns that the US will lose substantial market share in investment b...
KPMG's get out of jail card
in Sox First, on January 5, 2007
...tion to Enron's shonky accounts. The deferred prosecution deal tells us how much power the big auditing firms now wield. As The Economist told us last year, republished here via CFO.com , the c...
Sample Business Plans A- C
in Biz Plan Hacks, on December 27, 2006
... Consulting - Advertising/Marketing For Nonprofits Marrowstone Advertising
Consulting - Auditing aBolla Auditing and Consulting
Consulting - Business Growth Management and Stra...
KPMG sued for bad numbers on Fannie Mae
in Sox First, on December 16, 2006
...arefully examining the
case for caps on liability or safe harbors to prevent the failure of another
auditing firm, while at the same time providing that responsible individuals
are held fully accounta...
Unwinding the red tape: the SOX fix starts
in Sox First, on December 15, 2006
... that it's off the hook and that it doesn't have to do anything else: "The fight over auditing standards has far broader political implications, according to officials, lawmakers and ind...
Crunching the numbers on Section 404
in Sox First, on December 9, 2006
... Public Company Accounting Oversight Board saying it will meet on December 19 to consider a revised auditing standard on internal control over financial reporting. The meeting, to be held at 9.30am Wa...
Audit committees without accountants
in Sox First, on November 30, 2006
... of understanding of how to account for estimates, accruals and reserves, they need some experience auditing and analysing financial statements and they need to understand internal controls and proced...
Vision of the bean counters
in Sox First, on November 21, 2006
Last week I wrote in this blog entry about how the world's six biggest accounting firms are now calling for changes that include replacing quarterly financial statements with real-time Internet-based reports, relaxing auditor liability and subjecting all public companies to forensic audits...
CSR and Newspapers ...
in Audeamus - How dare we..., on November 19, 2006
...nsure that it has something of the creativity of our papers.
It's important to approach social auditing not merely as a reporting tool but as an agent of change. We have done this by creating key...
What's next for SOX?
in Sox First, on November 10, 2006
...ecurities and Exchange Commission chairman Christopher Cox has told the New York Times that a new auditing standard is on the way to help smaller companies, and that the timetable would be for the S...
Iraq auditing: shooting the messenger
in Sox First, on November 5, 2006
Earlier this week, I did a blog entry on the problems doing the accounting for Iraqi reconstruction. Now we have the extraordinary news that the Bush administration is closing down the Office of the Special Inspector General for Iraq Reconstruction which has consistently exposed corr...
SOX for auditors
in Sox First, on October 29, 2006
...nder Section 404 of the Sarbanes-Oxley Act of 2002 are too detailed and too expensive and have made auditing firms rich without accomplishing much for the clients. "They say auditors used to off...
Fixing SOX
in Sox First, on October 23, 2006
...on that comes after years of complaints from companies and interest groups saying that the costs of auditing companies has gone up by as much as 120 per cent. With the pressure for change building and...
Call for liability caps
in Sox First, on October 10, 2006
The push by the big accounting firms to get more protection from damages claims has gained momentum with a study from London Economics. The study's perspective is for the European market but in a globalised economy, it would have broader implications. The research paper Study on the Econom...
Fixing holes in SOX
in Sox First, on October 3, 2006
So change is ahead. The question is whether it will be real change, or just a band-aid. Michael Oxley, the SOX co-author, has come out saying that he expects some changes next year in the way that Sarbanes-Oxley will be enforced, according to news reports . Oxley is trying to have it both way...
The Enhanced Sun Java System Identity Manager 7.0
in Java Entrepreneur, on September 12, 2006
... creation, updation and deletion of user access across applications and systems along with identity auditing, analyzing of systems and process for the purpose of identity control violations, addressin...
Special Report: Early Stage Invesment in Chinese Tech Companies
in China Venture News, on September 9, 2006
... receive international capital. They lack the proper corporate structure, the proper accounting and auditing procedures, the proper intellectual property protection or a fully developed team. They sti...
ISO publishes best practice guidelines for implementing supply chain security
in Supplychainer, on September 5, 2006
One of the main challenges facing the international trading system is the security hazard to global supply chains. ISO is contributing to a solution in the form of two essential reference documents in the ISO 28000 family of standards for supply chain security designed to protect people,...
Metropolitan Chicago Healthcare Council Affiliates with MedAssets to enhance healthcare supply chain performance
in Supplychainer, on August 27, 2006
...ly chain item file to the chargemaster, defensible pricing, chargemaster management, charge capture auditing, and denials management within the chicago health care community.
"MCHC has ve...
Farewell Joe Lieberman, Enron Democrat
in Sox First, on August 11, 2006
...illed vigorously, sometimes venomously, for the very players who are new icons of corruption--major auditing firms, corporate executives who cashed stock options early while investors took a bath and,...
Contracts: A Vital Part in Outsourcing
in The Outsourcing Weblog, on August 1, 2006
...eas identified includes security and confidentiality, legal compliance, fees and payment terms, and auditing.
Helen Huntley, a Gartner analyst pointed out that the rules applied in onshoring contrac...
