Tag Archives for Governance
Payroll system conversion horror story
Converting their payroll system has resulted in some serious errors to the tune of greater than $1.5 million for the Fort Worth (Texas) school district. The school district overpaid employees and former employees at least $1.54 million, according to the … 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
Apple brings in new director: Google’s CEO
It has been announced recently that Dr. Eric Schmidt, currently the CEO of Google, is joining Apple’s Board of Directors. Boards are responsible for overseeing management, protecting shareholder interests and overall strategy. The move has been hailed as a signal … Continue reading