Category: Compliance
Sizing up the impacts of NASDAQ’s attempt to close the SOX loophole created by the JOBS Act
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 p…
See MoreSales tax: the growing headache
On September 1, 2012, the state of California started to collect sales tax from Amazon after a years-long argument over whether the Internet company should pay such a tax. In just the first four months of collection that t…
See MoreMaking a list and checking it twice
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…
See MoreTime for a heart-to-heart with your audit firm?
In my pre–Sarbanes-Oxley days, I worked with companies where it was tough to get audit committee members to attend meetings, and many of those meetings were check-the-box exercises without real value. The Sarbanes-Oxley …
See MoreYour SEC letter preparedness plan: how to be ready for the “big one”
As inhabitants of Silicon Valley, we’re sure to have been shaken by an earthquake or two. For me, it’s always a reminder of how important it is to have a disaster plan and earthquake preparedness kit ready…for the bi…
See MoreWhere is SOX really headed?
The passage of the Sarbanes-Oxley Act 10 years ago dramatically improved corporate governance in U.S. companies, restoring investor confidence in U.S. capital markets in the wake of headline-making accounting blowups (Enro…
See MoreCFOs take note: the triple bottom line is the future
For people, a sustainable life is all about reducing clutter, lessening your carbon footprint, recycling, conserving energy and water, and the like. For corporations, the quest for sustainability usually starts with a busi…
See MoreWhat separates great audit committees from the merely good?
As a former audit partner of a Global Six accounting firm, I’ve done my fair share of presenting at audit committee meetings. I’ve noticed that when it’s time for the auditors to present, there will always be the occ…
See MoreThe JOBS Act: Who are they kidding?
The JOBS Act (Jumpstart Our Business Startups Act) purports to foster the growth of small businesses, allowing them easier access to funding by lowering bureaucratic hurdles and thus enabling the growth of their business a…
See MoreMF Global’s ‘vaporized’ funds point to lack of internal controls
I recently read an article discussing how approximately $1.2 billion in cash went missing from the coffers of MF Global Holdings, simply “vaporizing” in the wake of the company’ s collapse, according to The Wall Stre…
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