oversight news from FierceSarbox
News
Beware downloads to external drives
This month, a financial analyst at Countrywide was arrested and charged with stealing customer data and then selling it. OpRisk & Compliance reports that his ability to steal data in this manner Read more...
Audit committees evolve, more focus on IT
It's not surprising that the top two priorities of audit committees are 404 Read more...
What's going on at the SEC?
Every now and then a big-picture look at the Securities and Exchange Commission is warranted. A lot of people have been frankly disappointed with the SEC's efforts on behalf of clarifying the Read more...
Your audit committee might need a new focus, a risk committee
It's clear that audit committees today are quickly evolving into perhaps the most likely for controversy and perhaps even liability. It's not the posh job it was once. The problem is that the new Read more...
ALSO NOTED: Reform Sarbox movement heats up; PWC earnings fairly strong;
> The movement to reform Sarbox is certainly heating up. But there are those that warn against throwing out the baby with the bathwater. While there are good changes to be made, some see the Read more...
Pro-Sarbox propaganda from the government
The state department would like to remind foreign companies that there are benefits to Sarbanes-Oxley as well as costs. The pitch goes like this: Companies, especially from weak-oversight Read more...
Credit-rating agency reform in the works
A recurring theme in the Sarbanes-Oxley era is that credit-rating agencies are ridden with conflicts of interest that make it difficult for them to see Enron-like warning signs. True or not, that Read more...