Navigation Links
The Big Picture of SOX 404

Since many large public companies are well into the third year of their Sarbanes-Oxley (SOX) 404 assessments over financial reporting internal controls, this is a good time to pause and reflect on this onerous requirement. In speaking across the United States on good internal control practices, I hear from hundreds of......

Full article >>> dy linking companies that report internal control deficiencies to a higher cost of capital. The main conclusion is that companies reporting internal control deficiencies under 404 have less reliable financial information, thus increasing risk leading to an increase in the cost of equity of about one percent.

This means that a company with a market capitalization of $1 billion reporting in......

Full article >>> ement.

In many cases, too much effort has gone towards traditional accounting controls at the expense of entity-level and IT controls. Accounting controls like approvals, reviews, and reconciliations are easily understood by auditors. Since they are comfortable in documenting and testing these controls, these have been the ones to receive the most attention despite not necessarily being o......

Full article >>> legislation in improving the reliability of financial reporting and disclosures is indeed paramount in growing investor confidence.

No legislation can successfully mandate ethics, but with proper implementation companies can turn SOX 404 into a value enhancing initiative by imbedding strong controls into the fiber of board, management, and employee activities. A strong ethical corporate......

Full article >>>
'"/>

Source:wistechnology.com By Ron Kral 10/03/06


Related biology technology :

1. WTN exclusive interview with Patrick Kennedy, exec. VP, Sony Pictures Digital
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:10/12/2017)... ... October 12, 2017 , ... ... representations of a complex biological network, a depiction of a system of linkages ... said Dmitry Korkin, PhD, associate professor of computer science at Worcester Polytechnic Institute ...
(Date:10/12/2017)... ... October 12, 2017 , ... AMRI, a global contract research, ... improve patient outcomes and quality of life, will now be offering its impurity ... to new regulatory requirements for all new drug products, including the finalization of ...
(Date:10/11/2017)... ... October 11, 2017 , ... ComplianceOnline’s Medical Device Summit is back for its ... 2018 in San Francisco, CA. The Summit brings together current and former FDA office ... directors and government officials from around the world to address key issues in device ...
(Date:10/11/2017)... (PRWEB) , ... October 11, 2017 , ... ... compared the implantation and pregnancy rates in frozen and fresh in vitro ... of progesterone and maternal age to IVF success. , After comparing the results ...
Breaking Biology Technology:
(Date:4/18/2017)...  Socionext Inc., a global expert in SoC-based imaging and computing ... M820, which features the company,s hybrid codec technology. A demonstration utilizing ... Inc., will be showcased during the upcoming Medtec Japan at Tokyo ... Las Vegas Convention Center April 24-27. ... Click here for an image ...
(Date:4/11/2017)... , April 11, 2017 Crossmatch®, a ... authentication solutions, today announced that it has been ... Research Projects Activity (IARPA) to develop next-generation Presentation ... "Innovation has been a driving force ... program will allow us to innovate and develop ...
(Date:4/6/2017)... Forecasts by Product Type (EAC), ... End-Use (Transportation & Logistics, Government & Public Sector, Utilities ... Generation Facility, Nuclear Power), Industrial, Retail, Business Organisation (BFSI), ... you looking for a definitive report on the $27.9bn ... ...
Breaking Biology News(10 mins):