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 reporting. “This will help ease the burden on small firms and help encourage more small […]
Tag: Sarbanes-Oxley ↓
SEC delays Sarbanes-Oxley requirements for small businesses">SEC delays Sarbanes-Oxley requirements for small businesses
December 13th, 2007 · 1 Comment
Category: Governance
Tags: internal control, regulation, Sarbanes-Oxley, SEC, Section 404
Weekend reading
June 16th, 2007 · 2 Comments
Small Is Essential At 37signals, a company with just eight employees whose Web-based collaboration software is used by thousands of small businesses, there isn’t time to sit around a conference room sipping latte and deconstructing memos. Come to think of it, there isn’t even a company conference room. There are just a couple of cubicles, […]
Category: Business
Tags: 37signals, consulting, fraud, golf, independence, internal audit, Sarbanes-Oxley
The Sarbitch is back
January 13th, 2007 · 4 Comments
The Accounting Observer has invented a new term: Sarbitching. I love it!
Category: Accounting Blogs
Tags: compliance, government, humor, Sarbanes-Oxley
What Enron meant to me
July 21st, 2006 · 2 Comments
Enron burst into flames around January 2002. I was just starting my second semester at Brock University in the esteemed Bachelor of Accounting program when the Houston-based company went down. What did this mean to a 19-year-old Canadian accounting student with no share holdings and no knowledge of the energy trading giant from Texas? Actually, a […]
Category: Auditing
Tags: Arthur Andersen, Enron, ethics, GAAP, Sarbanes-Oxley, school, standards
