“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. Read More
C-SOX: RRR Test procedures
Revenue recognition has been the area where the majority of accounting misreporting and restatements have occurred. Read More
The Canadian Securities Administrators, in their proposed M 52-109 amendments, will require that companies adopt a structured internal control framework such as COSO. Read More
I have received numerous questions regarding test Entity Level Control testing procedures. I hope this blog is helpful to everyone. Read More
Corporate Governance Policies are a component of Entity Level Controls (ELC’s). Corporate governance includes several basic policies that provide assurances to investors, employees and other stakeholders that the business is being managed with sufficient oversight. Read More
There has been increased focus on director responsibilities since the Enron accounting scandals in the USA (which resulted in the Sarbanes Oxley Act of 2002). Read More
In today’s competitive market, all jobs seem to be extremely challenging, particularly with technology that can keep U.S. linked in, but rarely allowing U.S. to escape. Read More
IT General Controls are one of the most important areas to review as part of C-SOX key controls. Read More
From The Economist print edition
Jul 26th 2007 | NEW YORK
Sarbanes-Oxley
Satoshi Kambayashi
Corporate America is learning how to live with the tough regulations introduced after the collapse of Enron.
FOR the leaders of corporate America it has been five long years. The Sarbanes-Oxley Act, widely known as SOX, was signed into law on July 30th 2002 by George Bush, who called its tough new rules the “most far-reaching reforms of American business practices since Franklin Roosevelt was president”. The hope was to restore public confidence in American business, which had been badly shaken by huge corporate scandals, such as those which led to the bankruptcies of Enron and WorldCom. Read More