Talk about mixed messages. The new presidential administration wants what they consider “costly and unnecessary regulations” wiped out. At the same time we have continued pressure by regulatory agencies to strengthen and improve internal controls over financial reporting (ICFR). Anyone who is involved in SOX compliance has to wonder: Is the almost 15-year-old law part […]
When SOX was first invented, we all struggled to figure out what companies were supposed to be doing, and what auditors were expecting to see. All this happened while the auditors were trying to follow new audit rules just as their new regulator (the PCAOB) came into existence. We were all stumbling around together. AS2 […]
RoseRyan VP Pat Voll recently weighed in on a recent CFO.com debate that posed the question “Is your data more secure in a data center or in the cloud?” CFO published her bylined article alongside other data-security experts in one of its monthly Square-Off virtual panels. Pat’s take: Companies need to focus on the “who” rather than the “what” when […]
If the startup stage is all about surviving, the next phase of a company’s lifecycle, when it is time to really grow, is all about scaling. Once you’ve made it past the viability test, you’re riding the momentum of rapid growth. The company has come out of the gate firing on all cylinders, putting the […]
The JOBS Act granted some relief from the burdens of SOX for emerging growth companies, and while any relief was most welcome, the changes brought on some confusion. And it hasn’t abated even three years later. There’s so much for newly public companies to do as they gear up for their intro on the markets […]
It’s time to test your current events knowledge: Which major retailer acknowledged having to spend $88 million related to a mega data breach in its most recent 10-Q, with more costs expected? Target immediately comes to mind, right? The prevalence of the retailer’s troubles speaks to the far-reaching effect a cybersecurity attack can have on […]
In a new small company, all the focus — and funds — tend to be on the development side, where the company’s product or service gets fine-tuned for the marketplace. The finance organization as a support function is often low on the priority list. But as the company grows — and tracking and managing the […]
NASDAQ recently filed a proposed rule change with the SEC that’s seemingly aimed at SOX compliance. If implemented, each NASDAQ-listed company will be required to establish and maintain an internal audit function “to provide management and the audit committee with ongoing assessments of the Company’s risk management processes and system of internal control.” Companies listed […]
RoseRyan has been supporting clients in the life sciences industry for nearly two decades. In addition to providing assistance on many aspects of accounting, we host a Life Sciences Roundtable twice a year. The event brings together a small group of finance execs to discuss best practices and get input on challenges their life sciences […]
The holidays are fast approaching, and with them, all the stress of the season. Santa is making his list and checking it twice, and we accountants can follow his lead to keep a little sanity in our 2012 closeout activities. Here’s my recommended year-end to-do list: Account reconciliations—Yes, ideally these were performed on a monthly […]
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