AICPA news from FierceSarbox
News
Another unintended consequence of Sarbanes Oxley
The Lord & Benoit report noted above makes much of what it calls "The Unintended Paradox." Sarbanes Oxley of course was meant to instill confidence in the financial reports of public companies. Read more...
Private companies struggling with Sarbox-lite
A year ago, the AICPA passed new rules governing the audits of private companies. The deadline for compliance is December. So you've got a lot of companies in full audit mode, a "mad Read more...
Accountants aim to repair Sarbox-related image
For the accounting firms, the Sarbanes-Oxley era has been one in which their professional image has suffered some huge PR blows. They were once seen as impartial, bean-counters making sure that a Read more...
A better way to evaluate IT controls?
The final SEC rules require companies that base their internal financial control evaluation on a recognized framework, one that is bias-free and allows consistent measurements in a way that Read more...
ALSO NOTED: Globalization of Sarbox continues; Pressure mounts in Congress;
> As the AICPA moves to North Carolina, people are pondering its significance in a post-Sarbox world. Read more...
ALSO NOTED: Roughly 80 percent of companies in compliance; IT asset management as a Sarbox issue; Much more...
> Trend: Roughly 80 percent of those polled say they are now in full compliance with Sarbox and other laws, according to one survey. It is unclear, however, if the costs of compliance are set Read more...