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Results for audit. Search took 0.44 seconds.
No autographs, say auditors
in Sox First, on October 18, 2009
...ight Board came out with a proposal requiring engagement partners to personally sign corporate audit reports. The PCAOB writes: "A requirement for the engagement partner to sign the audit report...
Seen that? - Model Plane Supplier
in Home Based Business, on October 2, 2009
...] Read More Extending social responsibility to the whole value chain: Supplier ethics audit at Supplychainer It was a while since I last rea...
TAKE Supply Chain Acquires PSI Software company
in Supplychainer, on August 20, 2009
...utomation, supplier collaboration and track, trace and control capabilities will provide a complete audit trail and supporting documentation to ensure proper customs compliance.
...
Accounting fee growth slows
in Sox First, on August 18, 2009
...ompanies going belly up or winding back, there was less Sarbanes-Oxley work to do and less internal audit. Still, that's not shabby. They were still pulling in more than $9 million. Significantly...
Banks misused TARP funds
in Sox First, on July 20, 2009
...about whether the conditions being placed on banks are being met and enforced. About the only true audit of the situation comes from the special inspector general. And even then, the US Government is...
More on the Satyam-PWC scandal
in Sox First, on May 27, 2009
...ate governance regimes with laws like Sarbanes-Oxley. But nothing will be fixed until the issue of auditor independence and integrity is addressed. As Angur points out, the company was able to inflat...
CostPlus supply chain chief steps down
in Supplychainer, on May 15, 2009
...his role as senior advisor with The Carlyle Group. Mr Dodds served as chairman of the company's audit committee. Ken Stevens, already a member of the company's audit committee, will replace Mr...
American Airlines Dropped The Ball. Repeatedly
in The Aviation Weblog, on April 9, 2009
...ssed the cause of the failed engine starts: a worn-out, stainless steel air filter. American's audit team also failed to identify the cause of the problem, the NTSB said.
"Where they have fo...
Maddoff's accountant: bring on the rest
in Sox First, on March 19, 2009
...ith securities fraud, aiding and abetting investment adviser fraud, and four counts of filing false audit reports raises a number of questions. the most important is how many more out there? As this ...
The Stanford-Madoff connection
in Sox First, on February 22, 2009
...his is that the company did not have detailed balance sheets and was using a small and little known audit firm. Let's not forget that Madoff also used an obscure audit firm, a process that helped ...
Internal threats alive and well
in The CIO Weblog, on February 3, 2009
... story . I came upon it by way of the SANS daily handler's diary, which asks "How do you audit your production code?" ... an extremely relevant question these days, with tens of thousa...
Does Sarbanes-Oxley mean audit offshoring?
in Sox First, on February 2, 2009
...cent years. Most firms send part of their operations to cheaper places overseas. But offshoring of audit functions is becoming more popular and, according to this report , a lot of it is aimed to re...
Autovermieter Sixt mit Zertifikat
in Das Mietwagen-Blog, on 15.01.09
...nes Integrierten Qualitäts- und Umweltmanagement-Systems honoriert wurde.
Im Rahmen der Auditierung wurde dem Unternehmen eine hohe Kunden- sowie Umwelt-orientierung bescheinigt. "In den Audi...
Tax Time Is Here!
in Home Based Business, on January 9, 2009
...ike TurboTax because a tax return with a lot of individual deductions can be at a higher risk of an audit.
Check out the IRS's official website and that of your state's revenue department fo...
The Madoff scandal: now for the auditors
in Sox First, on December 23, 2008
...l reports that investigators have jumped on a key aide and Friehling & Horowitz, the firm that audited Madoff's financial statements. The WSJ reports: "Authorities are trying to determi...
How Madoff played the SEC for suckers
in Sox First, on December 15, 2008
...d not be nearly replicated by our quant analyst. The feeder funds had recognized administrators and auditors but substantially all of the assets were custodied with Madoff Securities. This necessitate...
Fixing broken boards
in Sox First, on December 8, 2008
...s to the Firm's corporate governance guidelines and code of ethics, as well as charters for the Audit, Compensation and Benefits, and Nominating and Corporate Governance Committees of the Firm'...
Oltsik: Bullish on IEEE 1667
in On Storage, on November 28, 2008
...s, including that device you bought at Fry's Electronics, won't work. Assuming that you can audit the use of these devices, this provides security without compromising usability - a win-win in...
Auditors can't beat fraud
in Sox First, on November 25, 2008
...
Some 12 months ago, I did a blog entry suggesting that it might be easy to pull the wool over auditors' eyes when it comes to fraud.
Now a piece in CIO Today, Investigations or Audits: Fr...
Shooting up with AIG
in Sox First, on October 20, 2008
...ture of its finances in its 2007 annual report , including a sign off from the world's biggest audit firm PricewaterhouseCoopers that everything was above board. So what then do we make of this ...
Milch, Grundnahrungsmittel: volle Transparenz
in Das Gesundheits-Weblog, on 15.10.08
... Beginn an viel Pioniergeist. Die erste Glaspfandflasche, das erste EU-Öko-Audit und die ersten Qualitätszertifizierungen sind nur ein paar Beispiele. Heute sind die Produkte aus Europas größter Bio-M...
Russ Busted: Hamilton Named Behind UB Super-User Scandal
in Internet Poker, on October 1, 2008
...ts. Currently, Hamilton is the only one who is named in the Kahnawake Gaming Commission's (KGC) audit findings as additional payouts will be going out on November 3rd as well.
Below is the offici...
Schoenheit, Beauty - der Natur nahe, Aktion Leaping Bunny
in Das Gesundheits-Weblog, on 25.08.08
...e strikt und ausnahmslos einzuhalten. Dies wird regelmäßig von einem unabhängigen Audit überprüft. Der "leaping bunny" ist einzigartig, da dieses Qualitätssiegel die erste internationale Ini...
Siemens - a disaster waiting to happen
in Sox First, on August 19, 2008
...ures, here, it seems that Siemens' widespread corruption was the inevitable result of having an audit office riddled with conflicts of interest. The company now says it is cracking down on the gra...
Five storage strategies to save money
in On Storage, on August 1, 2008
...tegories.
Play hardball with vendors
Avoid new purchases by reclaiming what you have
Audit backup and replication configurations to cut waste
Rethink storage network decisions
...
Carl Icahn and SOX
in Sox First, on July 31, 2008
...ricted by Sarbanes Oxley on how he behaves and, if we are really lucky, he will be appointed to the audit committee and have the further burden of being a steward of the company's finances. "...
Are audit fees slowing
in Sox First, on July 30, 2008
...
Is the SOX pain over? Are audit fees really on the way down, or is it a temporary blip? That seems to be the suggestion from the latest Compliance Week analysis, reported in this press release ...
Board witless
in Sox First, on July 21, 2008
..., for example, Roger Berlind, a theatre impresario and private investor, is on both the board's audit committee and the finance and risk committee. At Citi, John Deutch, a former head of the CIA w...
Ratproxy, a passive audit tool for your web services
in HackITLinux, on July 13, 2008
Ratproxy is described as a " semi-automated, largely passive web application security assessment tool", by Google. This tool was released by Google to help developers and system administrators monitor their web traffic without taxing the system too much.
Audit liabilty - the PwC case
in Sox First, on July 12, 2008
... to sue PwC. claiming it knowingly assisting in the AHERF officers' misconduct by issuing clean audit opinions before the company collapsed in bankruptcy in 1998. PwC won the first round of litig...
Trouble handling risk
in Sox First, on July 3, 2008
...
When Sarbanes-Oxley was introduced nearly six years ago, it was supposed to improve the way audit committees and companies handled risk. Think again. Most companies are struggling to deal with ri...
No SOX relief in sight
in Sox First, on June 24, 2008
...ission has decided to give smaller companies another year stay of grace before complying with the audit requirements of Sarbanes-Oxley. But don't take that as a sign that the lawmakers will star...
Bringing accounting firms to account
in Sox First, on June 11, 2008
...le who have joined the firm. They will also have to provide information about fees billed to issuer audit clients, in various categories of services, as a percentage of the firm's total fees bille...
The audit cartel
in Sox First, on June 4, 2008
...British accounting academic Prem Sikka has long been a savage critic of the accounting and audit industry. One of the few public interest accountancy academics, Sikka has argued that the prob...
Blame subprime on the banks: accounting rule-maker
in Sox First, on May 26, 2008
...overly long with no thought or consideration by the people that put it together, by the people that audit it, of what the users actually need and want. That's one half of the problem. The other ha...
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 ...
Auditors, independence and distance
in Sox First, on May 21, 2008
... when you read through accounts, you come across a "going concern statement'' from the auditors. It's basically a red flag signalling that the company's state is looking terminal....
Enporion completes SAS 70 supply chain audit
in Supplychainer, on May 17, 2008
... Solution provider Enporion announced that it has done a successful SAS 70 audit, an independent auditor's review of its e-commerce supply chain management hosted solutions, Supply and Deman...
Directors' pay heads north
in Sox First, on May 5, 2008
... Much of this is also because of the impact of Sarbanes-Oxley. Just ask anyone who now serves on an audit committee. There are also claims that there is a shortage of qualified candidates but the rea...
Average 2007 SOX compliance bill: $1.7 Million
in Sox First, on May 2, 2008
...revenues of $4.7 billion. And while compliance costs are actually slipping, that hasn't stopped auditors from cashing in big time. According to the latest Financial Executives International surv...
PCAOB targets mortgage securities
in Sox First, on May 2, 2008
...
Here's a warning to all audit firms: the Public Company Accounting Oversight Board has signalled that it will target securitized mortgage loans and collateralized debt offerings when it...
PCAOB's fifth birthday
in Sox First, on April 27, 2008
... its short life life by the numbers . She has come up with some good stats too. 4000 public company audits reviewed in just five years, 700 inspections of small and large firms, 17 enforcement actions...
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 ha...
PCAOB and the new independence rule
in Sox First, on April 20, 2008
...e Public Company Accounting Oversight Board is looking at a new independence rule designed to force auditors to come clean on their links with corporations. The PCAOB has announced it will hold an ...
Fewer big corporations getting tax audits
in Sox First, on April 15, 2008
...
Fewer large corporations are getting audited. Instead, the Internal Revenue Service is cracking down on smaller corporations, particularly for those with $50 million or less in assets. While big c...
SOX-related boardroom changes and share price
in Sox First, on April 2, 2008
...re forced to overhaul their systems of corporate governance. A Raft of changes were introduced. Auditors were required report to audit committees, audit committee had to comprise directors who wer...
Another horror week for KPMG
in Sox First, on March 30, 2008
... "In his report, Mr. Missal said that in one instance, a KPMG partner who led the New Century audit team castigated a subordinate who had questioned one of the company's accounting practices...
The Bear Stearns fallout and a solution
in Sox First, on March 28, 2008
... recapitalised banks, where nationalised, are subsequently sold off. This is driven by a mandatory audit procedure of all financial institutions that are critical to system stability, but deemed to b...
American and Delta Airlines Cancel Flights
in The Aviation Weblog, on March 27, 2008
...e number of flights it was canceling on Thursday.
American said it began its inspections after an audit of the carrier by a joint team of inspectors from the Federal Aviation Administration and the ...
SOX and the Bear deal
in Sox First, on March 19, 2008
...
So a new survey commissioned by the Center for Audit Quality has found that most audit committee members believe audit quality is superior post-Sarbanes Oxley. According to the survey, 53 percent...
Coca Cola updates its JDA Supply Chain Pack
in Supplychainer, on March 12, 2008
...ution," Frankenberg added.
Coca-Cola Consolidated also utilizes JDA Collaborate, JDA Freight Audit & Payment and JDA Shipment Execution, all powered by Manugistics.
...
Companies casual on fraud risk
in Sox First, on March 9, 2008
.... Only 40 per cent of Fortune 1000 companies surveyed weren't routinely using computer-assisted audit techniques to uncover potential fraud indicators. Even if you take the view that Proti...
Taxes and Home Based Business
in Home Based Business, on February 29, 2008
...but doing it yourself means you could miss out on money saving deductions-or set yourself up for an audit by taking the wrong ones. Play it safe and speak to a professional. Yes, it costs money, but i...
SEC-PCAOB arm wrestle
in Sox First, on February 27, 2008
...rding to Gillan, the SEC really pushed the PCAOB to water down standards, in particular the role of auditors in testing internal controls. The SEC, according to Gillan, wanted auditors to take a back ...
Interview with Brett Curran from Axentis
in Sox First, on February 22, 2008
...e? CURRAN: I do. The people that got sent to attack Sarbanes-Oxley issues, the CFOs and internal audit, they are great with writing audit papers and following through on processes but I don't t...
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...
Boards clueless on IT
in Sox First, on February 6, 2008
...wever that boards see a division between their role and that of IT. Just as every company needs an audit company, boards need some sort of oversight committee for IT....
SEC buys time for small companies
in Sox First, on February 5, 2008
...lic companies. And not only won't the small companies have to comply with an internal-controls audit requirement for an December 15, 2009. That might day might never come. The SEC has also announ...
Preparing to receive the Empire's minions: The BSA and you
in The CIO Weblog, on February 4, 2008
...article provides an excellent step-by-step list of things to do, or not do, when you receive a BSA audit letter.
Although there aren't any records that I would rely on to chart the frequency or ...
IRS Increasing Tax Audits
in The Personal Finance Weblog, on February 1, 2008
... I've never been subjected to a tax audit, and I hope I never will. But this Wall Street Journal report says my chances are increasing:
Internal Revenue Service officials say audits of taxpay...
Absolute Mess Costs $500,000
in Internet Poker, on January 13, 2008
...yer's information to exploit tournaments and cash games with several different accounts had its audit completed recently. The Kahnawake Gaming Commission slapped the online poker room with a $500,...
The Age Of Turbulence
in Sox First, on January 12, 2008
When Alan Greenspan was at the height of his influence as Fed chairman, the financial news network CNBC would film him arriving for Federal Open Market Committee meetings and focus on the size of his briefcase. According to the Briefcase Indicator, if the briefcase was thin it meant that Greenspa...
Tone at the top
in Sox First, on January 10, 2008
...
Despite best efforts, problems with audits still keep coming up. According to the International Federation of Accountants , improving audit quality requires a massive shake-up of practices and beh...
The Writing On The wall
in Sox First, on January 8, 2008
Just finished reading Will Hutton's powerful book The Writing On The Wall which argues that China's extraordinary growth is more the result of good fortune than good management. Hutton argues that China is riddled by corruption. More importantly, it lacks the basic freedoms and institut...
PCAOB action
in Sox First, on December 13, 2007
..., it sent a warning to the Big Four accounting firms by pinging Deloitte $1 million for violating audit standards. The fine related to the firm's 2003 audit of California-based Ligand Pharmaceut...
PCAOB's global inspections
in Sox First, on December 8, 2007
...ement that would allow it to rely hand over to its international counterparts inspections of non-US audit firms going over the books of US public companies. The PCAOB has noted a growing evolution of ...
GAO slates SEC, again
in Sox First, on November 21, 2007
...ore the end of 2008, and to identify each of the findings and recommendations identified during the audit." Let's watch this space. In the meantime, Cox can be grateful that there's no m...
Curveball questions
in Sox First, on November 19, 2007
...ives (i.e., the company pays the taxes as well)? Are executive perquisites reviewed by the internal auditors and reported to the audit committee (compensation committee)? There are 59 pages of great...
Beyond the SOX shock?
in Sox First, on November 16, 2007
...that companies are now refocusing their emphasis in the post-SOX era, returning to more traditional audit functions like business continuity, over and above the traditional SOX compliance functions.Wh...
Restatements: CEO, CFO and top management turnover
in Sox First, on November 16, 2007
...
If you are a manager, chief financial officer or auditor working for a company that comes out with a restatement, start looking for another job. That's the only conclusion you can draw from a n...
