How Many of Your Primary Controls Are Preventive?
Fraud detection is good. Preventing fraud in the first place is even better.
Anti-Trust: The Battle Over China-Based Issuers
China-based companies are still not complying with PCAOB audit inspections. Does Congress have the answer?
Audit Partner Rotation Delivers Few Benefits: Study
Studies find no significant fall-offs in reporting quality over partners’ five-year tenures and little or no evidence of the benefits of "fresh looks."
How to Prevent RPA from Messing With Internal Controls
Accountability and governance throughout the RPA lifecycle are essential for mitigating fraud and maintaining effective controls.
CEO Pay Is Higher When the CFO Is Newly Hired
Research suggests finance chiefs are prone in early years on the job to "manage earnings," perhaps because of compensation-motivated pressure from the boss.
Audits Are Broken. Here’s a Radical Way to Fix Them.
A certain federal agency should take over all public company audits, suggests a former Big Four auditor and current accounting software company CEO.
Fresh Evidence of Auditor Bias Emerges
Companies don't look good for penalizing honest auditors, while other auditors don't look good for rendering slanted opinions.
SOX Compliance Doesn’t Get Easier With Time
Despite ongoing expectations to the contrary, complying with the Sarbanes-Oxley Act remains a moving target for companies.
‘Opinion-Shopping’ Compromises Auditor Independence
While it may serve the interests of struggling companies, shopping for a favorable audit opinion lessens auditor independence and audit quality.
SOX 404(b) Provides Investor Value After All
Study results contradict critics who are trying to water down the Sarbanes-Oxley requirement for auditing internal controls over financial reporting.
Which Acquisitions Will Generate Negative Stock Returns?
If the acquiring company elects to exempt the target from Sarbanes-Oxley Section 404 internal controls attestation, negative stock returns may follow.