COSO news from FierceSarbox
News
COSO issues guidance document for comment
The one thing that vexed people in the AS2 era was a lack of implementation guidance. Read more...
Finally, new Sarbox rules are approved
Well, it has come to pass. The new guidance from the SEC and PCAOB will almost certainly be officially stamped in time for the guidance to apply to 2007 audits. So good luck. The new rules will Read more...
New guidance for IT aspects of Sarbox
The strength of information technology systems when it comes to section 404 has a bitter bone of contention since Sarbanes-Oxley was enacted. Auditors, to the frustration of clients, have spent a Read more...
ALSO NOTED: COSO relevant to small companies;A look at security software delivered as a service;
> Venture capitalists want meaningful reform of Sarbox from a small company perspective. Article > Read more...
ALSO NOTED: Sarbox gooses in-house lawyer pay; LSE bent on staying out of Nasdaq's clutches;
> A new study finds that a lack of guidance and the ill-fitting nature of COSO's 1992 framework has boosted compliance costs. Initial reaction: Tell us something we don't know. Read more...
COSO aims to provide Sarbox guidance soon
The Committee of Sponsoring Organizations of the Treadway Commission, known to all of you as COSO, has taken a few lumps as of late. When Sarbox was first passed, many assumed--indeed, regulators Read more...
The real costs of Sarbox compliance
So what is really driving the costs of compliance? A new survey from the Institute of Management Accountants has identified the following: 1) a lack of useful guidance from the SEC or other 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...