Category Archives for Governance
SEC delays Sarbanes-Oxley requirements for small businesses
The Securities and Exchange Commission (SEC) has provided small businesses another 1-year delay to comply with Sarbanes-Oxley Section 404 requirements. Section 404 is the part of Sarbox that requires management to attest to the effectiveness of internal controls over financial … Continue reading
Audit committees recognize IT risks should be a focus
Dan Meyer at Tick Marks has brought my attention to a KPMG survey that reports audit committees are becoming more concerned about IT risks on financial reporting. 90% believed that IT oversight deserved more time at audit committee meetings. By … Continue reading
Hollinger audit committee had “no finance experts”
The Conrad Black trial has been good theatre, and the latest coming out of Chicago doesn’t disappoint. Testifying at the trial of former Hollinger chairman Conrad Black, a former member of the company’s audit committee has testified that it kept … Continue reading
Alberta kiboshes plan for single Canadian securities regulator
So much for mobile, accessible capital for growing Canadian businesses… Alberta Premier Ed Stelmach poured cold water yesterday on federal Finance Minister Jim Flaherty’s push for a nationwide securities regulator, saying he has no interest in moving beyond an alternative … Continue reading
Conrad Black vows to regain business empire
From the Globe and Mail: Conrad Black has vowed in a court filing to regain control of what remains of his business empire, but he’s also worried there might not be much left. This struck me as a bit strange. I … Continue reading