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Accelerated filers of course have long been subject to SOX 404 (a), requiring management reporting on the effectiveness of internal control over financial reporting, as well as section (b), where auditor attestation is required. While having to incur tremendous costs, with some companies seeing little commensurate benefit, others have seen improvement in business process effectiveness, [...]
[Read More]You may be as amazed as I in continuing to encounter intelligent, accomplished business people who still don’t understand what Sarbanes-Oxley’s internal control requirements are about. Let me share a recent experience.
I’ve been working with a large multi-national company’s board of directors to identify shortcomings in corporate governance and enhance practices and performance. This has [...]
In a recent OpRisk and Compliance Webinar, John Whittaker, group operational risk director at Barclays described how his team has achieved AMA by embedding the Operational Risk Framework. He described how the framework provides a single control infrastructure and common risk language across the Group and supports the effective measurement and management of operational risk. [...]
[Read More]The Globe published an interesting article today about a Harvard Business School professor that resigned just before the scandal at Satyam broke. This was no ordinary professor. Krishna Palepu is an expert in corporate governance, control and accounting, and corporate management in emerging markets. In short, the perfect resume for a Satyam board member. So [...]
[Read More]The ultimate goal for many GRC professionals is to arrive at a converged GRC program with a supporting technology platform. We often tell our customers that it is important to take a phased approach when planning an enterprise deployment of a GRC management solution and that they should set expectations and goals for each phase as their risk management program matures.
For [...]
Compliance expert Eric Krell from DRS Technologies speaks to Business Finance editor in chief Jack Sweeney about how the tactical precision with which key risk and compliance decisions were made allowed internal audit to blossom. DRS Technologies currently utilizes OpenPages to manage their SOX compliance requirements and takes advantage of the technology’s workflow automation capability [...]
[Read More]Currently, in Japan, much focus amongst the business community is on J-SOX. The law comes into effect for all listed companies starting April 1st 2008. Given that this law effects nearly 4,000 listed companies, it is only apt that it is getting the vast majority of attention.
However there are other regulations that have also been [...]
