Sarbanes-Oxley

How Many of Your Primary Controls Are Preventive?
Risk & Compliance

How Many of Your Primary Controls Are Preventive?

Fraud detection is good. Preventing fraud in the first place is even better.
By Perry D. Wiggins | September 1, 2021
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Anti-Trust: The Battle Over China-Based Issuers
Corporate Finance

Anti-Trust: The Battle Over China-Based Issuers

China-based companies are still not complying with PCAOB audit inspections. Does Congress have the answer?
By Ramona Dzinkowski | October 14, 2020
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Audit Partner Rotation Delivers Few Benefits: Study
Corporate Finance

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."
By CFO Staff | September 25, 2020
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How to Prevent RPA from Messing With Internal Controls
Technology

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.
By Vincent Ryan | March 23, 2020
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CEO Pay Is Higher When the CFO Is Newly Hired
Human Capital

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.
By David McCann | December 9, 2019
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Audits Are Broken. Here’s a Radical Way to Fix Them.
Risk & Compliance

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.
By David McCann | November 27, 2019
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Fresh Evidence of Auditor Bias Emerges
Risk Management

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.
By David McCann | August 12, 2019
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SOX Compliance Doesn’t Get Easier With Time
Technology

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.
By David McCann | July 16, 2019
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‘Opinion-Shopping’ Compromises Auditor Independence
Auditing

‘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.
By David McCann | May 8, 2019
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Audit Software Firm Nabs $40M in Funding
Risk Management

Audit Software Firm Nabs $40M in Funding

The startup, AuditBoard, offers a cloud-based platform for managing Sarbanes-Oxley compliance and other aspects of internal auditing.
By Vincent Ryan | August 15, 2018
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When Are Execs Most Likely to Inflate Earnings?
Risk & Compliance

When Are Execs Most Likely to Inflate Earnings?

Earnings management tends to occur not when a company is getting little or a lot of attention, but rather when it's in the middle of those extremes.
By David McCann | June 6, 2018
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How to Manage Cyber-Whistleblower Risk
Technology

How to Manage Cyber-Whistleblower Risk

Companies should pay specific attention to risks arising from the increasingly common whistleblower complaints regarding data breaches and cybersecurity.
By Brian Fleming and William Barry | March 8, 2018
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Auditor Rotation Rules Miss Their Mark
Risk & Compliance

Auditor Rotation Rules Miss Their Mark

Merely requiring companies to periodically invite bids for their audit business, or change engagement partners at the incumbent firm, doesn't do the job.
By David McCann | February 28, 2018
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Supreme Court Whistleblower Ruling: Analysis
Risk & Compliance

Supreme Court Whistleblower Ruling: Analysis

The decision likely won't have a substantial effect on companies, as significant protections for whistleblowers remain in place.
By Robert Tuchman and Marc Rosen | February 23, 2018
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Auditor Independence Rule Isn’t Tough Enough
Risk & Compliance

Auditor Independence Rule Isn’t Tough Enough

Requiring top corporate executives to be only a year or two removed from a prior job with the company's auditor is insufficient, study suggests.
By David McCann | February 12, 2018
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