Monthly Archives: August 2008


VISTA – SOX Implications

Edelkoort Smethurst Schein CPA’s LLP was one of the “early adopters” and began using Microsoft VISTA during October 2007. […]

VISTA – SOX Implications 2009-05-14T12:05:53+00:00

C-SOX Cash Receipts Testing

Within the Revenue, Receivables and Receipts processes, the Cash Receipts is the final process, wherein all the hard work throughout the organization comes to fruition – the organization collects cash for goods and services that is has provided. […]

C-SOX Cash Receipts Testing 2016-10-14T13:27:01+00:00

C-SOX – Testing Accounts Receivable

Similar to the Revenue recognition process, for most companies the $ value of their Accounts Receivable represents one of the largest assets on their Balance Sheets, and accordingly, these amounts are usually very significant / material. Therefore, the SOX Business Process should be carefully reviewed and tested to ensure that no internal control gaps exist [...]

C-SOX – Testing Accounts Receivable 2016-10-14T13:27:01+00:00

Canadian IFRS – Private Companies Update

Canada will be adopting International Financial Reporting Standards (IFRS), effective January 1, 2011. This means that companies, for comparative purposes, will also be required to have their 2010 results reported using IFRS. […]

Canadian IFRS – Private Companies Update 2016-10-14T13:27:01+00:00

Blue Ocean Strategic Plan

“Blue Ocean Strategy” is fairly recent and excellent body of research and knowledge about strategic planning, contained within a book by the same name authored by W. Chan Kim and Renee Mauborgne, professors of strategy and management of INSEAD. […]

Blue Ocean Strategic Plan 2016-10-14T13:27:01+00:00

Revenue recognition – C-SOX testing procedures

C-SOX:  RRR Test procedures Revenue recognition has been the area where the majority of accounting misreporting and restatements have occurred. […]

Revenue recognition – C-SOX testing procedures 2016-10-14T13:27:01+00:00
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