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:2/20/2017)... ... February 20, 2017 , ... ... and telemedicine company announces at HIMSS 2017 Annual Conference (Orlando, FL) a ... offered via a global cloud-based sharing and collaboration platform as part of ...
(Date:2/20/2017)... 2017  Former NFL players who had repeated head injuries ... life, according to a preliminary study released today that will ... Meeting in Boston , April 22 to ... where the muscles and nerves work together, like walking, kicking ... ...
(Date:2/19/2017)... ... February 19, 2017 , ... Expanding Portfolio to Include Lab ... equipment with the goal of expanding the reach of its quality and precision ... water analysis meters were introduced into the market in 2014. , The OHAUS ...
(Date:2/18/2017)... ... February 17, 2017 , ... A leader in ... Kong. , Nerium International is proud to introduce its Age-Defying Night Cream, NeriumAD™ ... Formula to consumers across Hong Kong. The luxury skincare products contain innovative ingredients ...
Breaking Biology Technology:
(Date:2/8/2017)... 8, 2017 About Voice Recognition Biometrics Voice ... it against a stored voiceprint template. Acoustic features ... and tone are compared to distinguish between individual ... as most PCs already have a microphone and ... recognition biometrics are most likely to be deployed ...
(Date:2/8/2017)... -- Report Highlights ... The global synthetic-biology market reached nearly $3.9 billion ... at a compound annual growth rate (CAGR) of 24.0% through ... markets for synthetic biology. - Analyses of global market trends, ... compound annual growth rates (CAGRs) through 2021. - Coverage of ...
(Date:2/8/2017)... , Feb. 7, 2017 Report Highlights ... billion by 2021 from $8.3 billion in 2016 at ... 2016 to 2021. Report Includes - An overview ... global market trends, with data from 2015 and 2016, ... 2021. - Segmentation of the market on the basis ...
Breaking Biology News(10 mins):