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    • Faults in fraud auditing

      Posted by SoxFirst

      Auditors sometimes take a "mechanical," tick-the-box approach to assessing the risks of possible financial fraud when reviewing the books of corporate clients according to a damning Public Company Accounting Oversight Board report.

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    • Audit reform: the half-loaf solution

      Posted by SoxFirst

      The Public Company Accounting Oversight Board has proposed changes allowing auditors to do less work, and charge less money, when assessing internal controls over financial reporting. But the proposal isn’t going to make everyone happy. Small companies want exemptions, not guidance.

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    • Crunching the numbers on Section 404

      Posted by SoxFirst

      The moves to try and fix Sarbanes Oxley are gathering pace with the Public Company Accounting Oversight Board saying it will meet on December 19 to change auditing standards for tough section 404 and the SEC giving smaller companies yet another time extension.

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    • SOX and the regulation myths

      Posted by SoxFirst

      Public Company Accounting Oversight Board member Charlie Niemeier has attacked claims that the costs of regulation have short-changed the United States and caused it to lose its competitiveness. And he's backed it up with facts.

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    SoxFirst

    Member since Dec 2008

    Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.

    Melbourne


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