Tag Archives for SEC
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 →
13. December 2007 by Neil
Categories: Governance |
Tags: internal control, regulation, Sarbanes-Oxley, SEC, Section 404 |
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In Canada, the Accounting Standards Board (AcSB) has already taken the first steps of convergence with international standards by outlining the plan under which publicly accountable enterprises will transition completely to IFRS. The change will occur over the next 5 … Continue reading →
18. July 2007 by Neil
Categories: Accounting Standards |
Tags: accounting_standards, AcSB, Canada, GAAP, IFRS, SEC, standards |
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The Ontario Securities Commission has launched a probe of Research In Motion’s stock option practices. An OSC spokesperson said the review was launched in early October, which is not long after the company announced it would have to restate past … Continue reading →
09. November 2006 by Neil
Categories: Accounting |
Tags: Accounting, backdating, BlackBerry, GAAP, IT, options, RIM, SEC |
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Two terms, “spring-loading” and “bullet-dodging” have reminded me of the tendency in business to put a positive spin on negative practices. Spring-loading refers to the practice of granting options immediately before releasing good news that will likely increase the stock … Continue reading →
16. September 2006 by Neil
Categories: Accounting |
Tags: backdating, compensation, insider, options, SEC |
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Tech companies are the primary focus of the SEC’s recently announced and currently ongoing investigation into options dating irregularities, which makes sense given their proclivity for awarding stock options as part of compensation packages with employees. An article in BusinessWeek … Continue reading →
28. August 2006 by Neil
Categories: Accounting |
Tags: compensation, GAAP, IT, options, regulator, SEC |
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