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Results for sarbox. Search took 0.10 seconds.
IPOs: don't blame Sarbox
in Sox First, on April 15, 2009
Extraordinary that the debate about the impact of Sarbanes Oxley on IPOs still continues almost seven years after it was introduced. Particularly in this economic climate. Last week, The Wall Street Journal was raising concerns about the Obama administration's plans to regulate venture ca...
Satyam: do we need a global Sarbox
in Sox First, on January 21, 2009
...ortage of truly independent directors. But the more important question is whether we need a global Sarbox. The world is already moving towards global accounting standards, why not the same for corpor...
Court upholds Sarbanes-Oxley
in Sox First, on August 25, 2008
Was it ever going to be any different? The US Court of Appeals for the District of Columbia Circuit has upheld the constitutionality of Sarbanes-Oxley, and in particular the Public Company Accounting Oversight Board. You can read the ruling here . The ruling is a blow to the Free Enterprise Fu...
Does Sarbanes-Oxley make fraud worse?
in Sox First, on July 23, 2008
...that frauds are much more likely to be detected by a tip than by audits. The implication being that Sarbox has been close to useless. And it gets even more alarming. After analyzing the impact of SOX...
Subprime's parallels with Enron and WorldCom: Michael Oxley and Paul Sarbanes
in Sox First, on March 16, 2008
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The subprime crisis has some eerie parallels with Enron and WorldCom, say the two Sarbox co-authors. In an interview with the Indian media , they say what's needed is more regulation. Sarbane...
Learning the Sarbox ropes
in Sox First, on December 1, 2007
Earlier this month, I did a blog entry explaining why Sarbanes-Oxley was unlikely to get overhauled in the near future. Simply put, businesses and auditors are getting used to it and getting rid of it, or at least changing it, doesn't play politically when you have a war, health care costs ...
Buried treasure, corporate pirates and Sarbanes-Oxley
in Sox First, on October 10, 2007
...ing to Nicholson, the problem is that Congress authorized the forfeiture of executive bonuses under SarbOx section 304 where certain bonuses and profits are forfeited. But, she says, it should have go...
Infosys on the changing "global business environment"
in The CIO Weblog, on August 25, 2007
... this environment is that they have to deal with the complexities of increasing global regulations. Sarbox, BaselI, BaselII , Anti Money laundering act etc etc.
To Survive - Every company no matte...
Audit squeeze
in Sox First, on August 25, 2007
...e five years to 2006. One of the big reasons is that the nature of the audit work has changed since Sarbox was brought in. Now, more attention is paid on compliance work and internal control testing. ...
Sarbanes and Oxley hit the speaker circuit
in Sox First, on August 14, 2007
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In the past, I have talked about how Michael Oxley cashed in on his role as Sarbox co-author. First, he joined a law firm to help companies get around the law, then he becomes Nasdaq vice-chair...
Michael Oxley: effects of SOX are overstated
in Sox First, on July 6, 2007
...w Sarbanes-Oxley's co-writer Michael Oxley has joined a law firm to help companies get around Sarbox, taken on another paid gig at Nasdaq and blamed the problems with SOX on the Public C...
Senate rejects move to weaken Sarbanes-Oxley
in Sox First, on April 26, 2007
...2-35, the US Senate has rejected an attempt to water down Sarbanes-Oxley . The move to neutralise Sarbox was done through the back door, in the form of an amendment put up Republican Jim DeMint who ...
SOX scam warning
in Sox First, on April 24, 2007
... indication of how much they were asking for, and how much they could expect to make flogging bogus Sarbox material. Not much you'd imagine. Still, the scam's big bucks might well come from g...
Michael Oxley: Sarbox sucks? Blame the PCAOB
in Sox First, on April 9, 2007
Just last month, I did blog entries on former Congressman and SOX co-writer Michael Oxley joining a law firm to help companies get around Sarbanes-Oxley and then joining Nasdaq . Now he's come out in an interview claiming he's not happy with the way Sarbanes-Oxley has been implemen...
SEC-PCAOB arm wrestle on accounting rules
in Sox First, on April 4, 2007
...blic company Accounting Oversight Board are grappling with the problem of how to interpret the Sarbox rules which require auditors to evaluate whether companies have adequate procedures and syste...
Michael Oxley: gamekeeper turned poacher (Part II)
in Sox First, on March 19, 2007
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The career of Sarbox co-writer Michael Oxley continues. Earlier this month, I did a blog entry on how he was joining a law firm to help businessmen get around the law that bears his name. ...
Markets in turmoil but red tape rollback push continues
in Sox First, on March 15, 2007
...that makes perfect sense, and should have been done years ago. The chamber however is no friend of Sarbox and obviously expects the regulator to swing a certain way. It also wants, among other thing...
Interview with Professor Paul M. Healy
in Sox First, on March 6, 2007
...ture hold for the legislation? And what's your take on the concerns that have been raised about Sarbox? HEALY: I have to say that I don't share some of the concerns. The big concerns are that...
Restatement roundup: why Sarbanes-Oxley is here to stay
in Sox First, on March 2, 2007
...rking. That will ensure that Sarbanes-Oxley is here to stay. Not quite a nail in the coffin of the Sarbox bashers, but it certainly makes it harder to argue their case.
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Bush on SOX: more sound than fury?
in Sox First, on February 6, 2007
...com points out in his piece , "there may be more sound than fury in the movement to dismantle Sarbox, et al". Which suggests that Wall Street won't completely buy the message.
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The SOX debate and global capital
in Sox First, on January 26, 2007
...m Hank Paulson's crew in the interim report from the Committee on Capital Markets Regulation , SarbOx remains popular with investors, reports BusinessWeek . True, the legislation has imposed co...
Rewriting SOX
in Sox First, on December 1, 2006
After plenty of pre-announcements, strategic leaks and commentary, the move to rewrite Sarbanes-Oxley keeps gaining momentum with the release of the Hank Paulson -backed Interim Report of the Committee for Capital Markets Regulation . As an alternative, the press release is here. Basi...
SOX appeal
in Sox First, on October 19, 2006
...nal explains, it's seen as improving efficiency and reassures customers and lenders. With the Sarbox influence spreading wider, it's hard to see how it could be wound back without there bein...
Will the Paulson posse really fix Sarbox?
in Sox First, on October 16, 2006
December is shaping up as a big month for SOX watchers. Treasury secretary Hank Paulson has put together a posse, as described by the New York Post , targeting Sarbanes-Oxley with the outfit including former Fed chief Alan Greenspan, Nasdaq CEO Bob Greifeld and former SEC head Harvey Pi...
Cox defends Sarbox
in Sox First, on September 20, 2006
So massive changes to Sarbanes-Oxley are in the can with a new committee
stacked with business leaders and academics looking to recommend fixing the system? Think again. Securities and Exchange Commission chairman Christopher Cox has provided testimony on Capitol Hill before the House Finan...
Cox to Paulson: No unwinding SOX
in Sox First, on August 4, 2006
...sh administration's attitude to Sarbanes-Oxley. The CFO.com blog suggests, under the headline Sarbox Rollback: Paulson v. Cox? that it's more a case of the administration talking out of bot...
Paulson and SOX: Has the pendulum swung too far?
in Sox First, on August 2, 2006
...more interesting question is whether his comments signal that the Bush administration is rethinking Sarbox. Might be worth watching for more signals.
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Happy Birthday SOX
in Sox First, on July 31, 2006
Today marks the four-year anniversary of the signing of Sarbanes-Oxley, arguably one of the most contentious pieces of legislation in US legislative history. It's also the most far-reaching in terms of international impact, particularly with markets around the world heading towards a...
Fencing off Sarbox exemptions: SOX versus innovation and grassroots
in Sox First, on July 26, 2006
The biotech sector and small banks are the most vocal in their calls for exemptions from Section 404 of Sarbanes-Oxley, reports CFO.com . The demands for exemptions are also coming from newspaper editorials, like this one from the Washington Times . Sarbanes-Oxley was rushed through without ...
The Sarbox cash effect
in Sox First, on July 19, 2006
Financial control reporting provisions in the Sarbanes-Oxley Act have resulted in companies hoarding cash at unprecedented levels, according to Federal Reserve board governor Kevin Warsh. But are other factors at play? But first, the facts. While the ratio of cash to investment has aver...
Global SOX and poor relations
in Sox First, on July 17, 2006
This weekend, the deadline kicked in for overseas companies listed on US exchanges to comply with Sarbanes-Oxley. And the response from European firms has been panic , reports Forbes . Some 17 per cent say they would consider delisting and less than half think the benefits would outweigh ...
Sarbox exits?
in Sox First, on July 2, 2006
... the survey found that about 59 per cent said they would not withdraw from the US, 81 per cent said Sarbox had reinforced the efficiency of their internal controls and 67 per cent said it had improved...
Accountants: revolving doors, rock stars and gumshoe heroes.
in Sox First, on June 13, 2006
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Sarbanes-Oxley has been blamed for many things. Now we're told the pressure of Sarbox is forcing chief financial officers to look for other jobs and contributing to enormous churn at CFO job l...
Finger pointing: Enron changes nothing
in Sox First, on June 6, 2006
Check out the piece by Gary Weiss in Salon : Enron changed nothing .
A SOX-led bombardment of litigation?
in Sox First, on January 9, 2006
...strong. Just wait for the next economic downturn, when class-action lawyers will be able to exploit Sarbox's new "internal controls" documentation as a roadmap. Our guess is that we have...