Category: Sarbanes–Oxley

Where 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…

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The 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…

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Did Sarbanes-Oxley kill the tech IPO?

In a March 2 CNBC interview, Marc Andressen was asked what one thing Washington could do to increase job creation and innovation in Silicon Valley. He replied by saying “attack regulation” and went on to specifically m…

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Not all controls are equal: a fresh look at SOX 404

In my work with smaller companies I’m seeing that there’s still much more they can do to strengthen their control environment, create efficiencies and reduce compliance costs in their SOX 404 program by taking a top-do…

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Moving from SAS 70 to SSAE 16: seize the opportunity

Most service firms (like payroll and healthcare claims processors) have provided a SAS 70 report to their clients simply as a matter of course. Over time these CPA reports on the service organization’s internal controls …

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