Breached VPN Reveals Corporate Insecurity Jun 4, 2009
The problem of orphan accounts, which are credentials that are still valid even after their user has gone, is usually discovered during audits, such as those for Sarbanes-Oxley compliance, Cleary added. He said that most IT managers focus on the threat within the IT department, paying less attention to the challenge of managing key experts. (Datamation)
Simple checklist can help ensure compliance with new SEC regs May 26, 2009
Sarbanes-Oxley Act addresses corporate accountability ... The new Section 16(a) rules of the Sarbanes-Oxley Act of 2002 do have companies and insiders taking a hard look at the steps they need to take to comply with the amended laws, particularly in light of the possible penalties for noncompliance ... The new and more demanding rules under Section 16(a) as well as the elimination of loans to directors and executive officers under Sarbanes-Oxley make this an ideal time for issuers to re-examine... (Pittsburgh Business Times, PA)
Internet Gold Reports First Quarter 2009 Financial Results May 20, 2009
These expenses were primarily for activities related to the Company's listing on public securities exchanges, including expenses such as investor relations, Sarbanes Oxley compliance, insurance and legal expenses and for the continued investigation of potential joint venture and M&A opportunities. Buyback Programs - Share Repurchase Program: The Company repurchased 1,078,813 of its ordinary shares during the quarter ended March 31, 2009. (PR Newswire)
Business Notes May 20, 2009
The Sarbanes-Oxley Act of 2002 requires the PCAOB to conduct continual inspections of registered public accounting firms. In those inspections, the PCAOB addresses compliance with the SOX Act, PCAOB rules, SEC rules and other professional standards. (Newton Tab, MA)
Internal Audit Director Joins Pike May 16, 2009
In that role, he provided counsel for risk assessments, financial, operational and information systems audits, including Sarbanes-Oxley 404 compliance. Pike was one of Culbreth's clients, along with companies in telecom, banking and retail industries. (PR Newswire)
Research On Emerging Capital Markets May 14, 2009
Business News of Thursday, 14 May 2009. Business News of Thursday, 14 May 2009. (Ghana Web, Ghana)
Choosing an Outsourcing Partner May 13, 2009
For example, do they support your Sarbanes-Oxley requirements ... Particularly important for public companies is the SAS70 audit because it is one of the foundations for Sarbanes-Oxley regulations. (CIO Information Network)
FTC Red Flag 'Sensitive Data" Rule to Begin May 9, 2009
For example, while Sarbanes-Oxley is considered a burden to many public companies, requiring several full-time staff, the Red Flags Rule can likely be handled by legal or compliance staff already in place. It merely requires that companies have reasonable written policies in place, that they be certified by the Board, and that they be reviewed regularly. (eSecurityPlanet)
Commodity price drop hits Sims Metal May 7, 2009
"Costs incurred in connection with the implementation of Sarbanes-Oxley compliance initiatives were $2.7 million in the quarter.". It was too early to foresee a sustained recovery in commodity prices and scrap intake levels despite "encouraging signs" in Chinese, Asia Pacific and Mediterranean markets, Sims said. (Sydney Morning Herald -- Business)
RSA Focuses on Enterprise Security Apr 28, 2009
"Sarbanes-Oxley (SOX) is not as clearly defined," Liberti said. "But we put the workflow in place to allow you to certify documents and to show that certification has occurred. We are improving, automating, and documenting the process.". (eSecurityPlanet)
“Atlas Shrugged” Riding High Apr 28, 2009
Of course, now every business under the American sun is presumed guilty until proven innocent with Sarbanes-Oxley and it s associated costs. Economics is the participative decision making of millions of individuals. (Atlanta Journal-Constitution -- Opinion)
Wall St. a tall order for business ethicists Apr 20, 2009
The ethics profession has grown dramatically over the past 20 years, following the scandals of the late 1980s and reinvigorated by the events at Enron and WorldCom and the passage of the Sarbanes-Oxley Act. The Ethics and Compliance Officer Association, of which I am executive director, has grown from 19 original members in 1992 to more than 1,200. (Boston Globe -- Editorial)
Governance by directors, for directors Apr 20, 2009
4 trillion) that compliance to Sarbanes-Oxley has cost US companies since those regulations were introduced in 2002 following the controversial collapse of high-profile companies such as Enron and WorldCom. Botha counters that this sort of expense is to be expected in the initial period of implementation, but that as companies become accustomed to the tougher compliance requirements and as the requirements become part of the way of doing business, the costs will diminish. (Business Report, South Africa)
A Free Show AND Free Web Tax Service? That's Right. The Singing CPA Offers Recessionary Perks and Answers the Question, 'Dude, Where's My Refund?' Apr 16, 2009
Steven Zelin is a New York City based singer-songwriter and CPA. He is most known locally for his regular appearances on the Joey Reynolds Show (WOR), his live performances on tax day, and his Sarbanes-Oxley tribute on YouTube. Steven was also featured during the 2008 tax season on ABC's Nightline, in the Wall St. Journal, and in the New York Daily News and has been featured in The Trusted Professional (NYSSCPA publication), Metro NY, Institutional Investor's Compliance Reporter, CFO Magazine,... (Yahoo! Wire -- Entertainment News)
Highlighted at AIIM 2009 International Exposition and Conference: DocuLex Archive Studio for Colleague Collaboration and Compliance Adherence Apr 12, 2009
The ability provides cost-saving assistance with compliance of privacy laws including SEC, FINRA (NASD / NYSE), GLBA, HIPAA, FRCP, FERC and Sarbanes Oxley ... Document and user activity tracking logs are always available, assisting in compliance of privacy laws including SEC, FINRA (NASD / NYSE), GLBA, HIPAA, FRCP, FERC and Sarbanes Oxley. (Yahoo News -- Press Releases)
SEC Filing Regulation Places Smaller Public Companies Under the Microscope Apr 10, 2009
Text hiding to spacing. (PRNewsFoto/Protiviti) MENLO PARK, CA UNITED STATES. (PR Newswire)
Regulation: Making Market Sense Apr 3, 2009
One important move would be to loosen the Sarbanes-Oxley rules that have burdened so many businesses with extraordinarily costly compliance requirements in the interest of "transparency.". In fact, SarbOx has hampered U.S. companies' competitiveness and sent companies seeking to raise capital overseas to float their shares on stock exchanges where the rules are far less strict. (Investors Business Daily)
Regulatory reform: The next steps for G20 Apr 3, 2009
However, following corporate scandals like Enron, the UK and many European countries put in place principles-based governance mechanisms to monitor the executives, while the US chose to enact a law (Sarbanes Oxley Act) with similar objectives. Why and how did these two approaches to better align interests of managers and other stakeholders fail to stop bank executives from assuming astronomical risks. (Accounting Web, UK)
Evotec Announces Financial Results for 2008 Mar 27, 2009
8m) mainly due to the inclusion of Renovis, Sarbanes-Oxley compliance related expenses and certain severance payments. However, savings were generated in SG&A personnel expenses as a result of realizing synergies following the merger with Renovis. (Primezone Releases)
SailPoint Adds Virtualization, Hosted and Managed Services Options to Simplify the Process of Buying and Deploying Identity Management Mar 23, 2009
By using SailPoint's hosted solution for IdentityIQ, the company was able to quickly deploy IdentityIQ for access certifications and policy enforcement, providing proof of compliance with Sarbanes-Oxley before, during and after the acquisition. SailPoint's new deployment options include. (PR Newswire)
Secure-24 Joins Wayne County to Expand Technology Infrastructure, Create Jobs and Attract New Business to the Region Mar 20, 2009
e. SAS 70, HIPAA, Sarbanes-Oxley, GLB, ISO, FFIEC.) A deep knowledge of Enterprise Resource Planning (ERP) systems and complex architectures combined with state-of-the-art data centers and infrastructure allow Secure-24 to deliver solutions that are highly available, scalable to accommodate evolving business needs, and that meet the security requirements of today's demanding regulatory environment. Secure-24 is a certified SAP Hosting Partner with a broad SAP Basis Competency Center and an... (Yahoo News -- Press Releases)
China Solar & Clean Energy Solutions Announces New Chief Financial Officer Mar 20, 2009
Spanning her extensive career as a financial executive, Ms. Chen has established and successfully managed accounting systems, improved financial reporting and controls, and implemented internal policies and procedures in compliance with standards required by the Sarbanes-Oxley Act. Ms. Chen currently holds a CPA Australia membership, and received a Ph. (PR Newswire)
ChinaEdu Reports Fourth Quarter and Fiscal Year 2008 Results Mar 19, 2009
0 million in professional fees paid to auditors, lawyers, Sarbanes-Oxley Act of 2002 consultants, and other third-party service providers that provide advice and guidance regarding compliance with the regulatory requirements of a publicly listed company. -- Selling and marketing expenses for the fiscal year 2008 were RMB29. (PR Newswire)
Grill Concepts Announces Results of Special Meeting of Stockholders; Company to Voluntarily Delist Common Stock From NASDAQ Mar 18, 2009
As previously announced, Grill Concepts is taking these steps to avoid the substantial and increasing cost of being an SEC reporting company and of regulatory compliance under the Sarbanes-Oxley Act of 2002, and to focus the company's resources on increasing long-term stockholder value. The company anticipates savings approximating $766,000 on an annual basis as a result of the proposed deregistration and delisting transaction. (Primezone Releases)
Grill on the Alley parent seeks delisting Mar 18, 2009
In a statement, the company says it s moving forward with the delisting to avoid costs associated with being a SEC reporting company and of having to deal with regulatory compliance measures tied to the Sarbanes-Oxley Act of 2002. Grill Concepts says it will save about $766,000 annually by delisting its stock. (Dallas Business Journal, TX)
NTT Com to Launch Global SaaS E-mail and Groupware Solution Mar 17, 2009
Moreover, server integration can strengthen corporate compliance with requirements such as the U.S. Sarbanes-Oxley Act, which mandates mail servers to be monitored uniformly. The Groupware services Hosted Exchange and TeamWorks also are packaged with Global Messaging. (JCN Network, Japan)
Optical Cable Corporation Reports Fiscal First Quarter 2009 Financial Results Mar 17, 2009
Factors that could cause or contribute to such differences include, but are not limited to: the level of sales to key customers, including distributors; timing of certain projects and purchases by key customers; the economic conditions affecting network service providers; corporate and/or government spending on information technology; actions by competitors; fluctuations in the price of raw materials (including optical fiber, copper, gold and other precious metals, and plastics and other... (PR Newswire)
Houston Wire & Cable Company Reports Results for the Fourth Quarter and Year Ended December 31, 2008 Mar 16, 2009
Partially offsetting these increases were reduced professional fees related to public company expenses for Sarbanes-Oxley compliance. We have, and will continue taking steps to better align our expenses with current economic conditions. (Primezone Releases)
How to handle risk Mar 13, 2009
Beyond complianceFor many senior risk and finance managers, this need for information is not driven solely by the legal requirement to comply with regulations like Basel II or Sarbanes-Oxley. What were seeing instead is a move beyond compliance to enterprise performance management. (Accounting Web, UK)
Muziic turns YouTube into rich source for songs Mar 10, 2009
Sarbanes Oxley compliance Software - Web-based Software for SOx 302 risk assessments and reporting. Agile Enterprise Mortgage Software for Mortgage Bankers and Lenders. (Yahoo News -- Technology)
iEnterprises Launches iComply, Lotus Notes Email Archiving and Compliance Software Mar 9, 2009
Mon Mar 9, 4:00 am ET. iEnterprises, the global desktop and wireless customer relationship management (CRM) experts, today launched iComply, a Lotus Domino email archiving and compliance software solution. (Yahoo News -- Press Releases)
NTT Com Develops Secure Access System with Human Area Networking Technology Mar 3, 2009
Security demands are increasing in virtually every industry of Japan after passage of compliance legislation similar to the U.S. Sarbanes-Oxley Act. Companies have also been seeking less obtrusive systems for secure access, since conventional systems require a contactless IC card to be waved over a terminal. (JCN Network, Japan)
Gigamon Awarded Three U.S. Patents for Its Data Access Switching Technology Feb 28, 2009
"With the proliferation of tools for Sarbanes-Oxley compliance, intrusion detection, forensic recording, VoIP analysis and the like, TAP or SPAN ports can be overwhelmed," explained Leong. "The result is that engineers often have to fight for access to network traffic. DAN technology avoids this issue by aggregating, replicating and filtering network traffic to any number of different GigE or 10 GigE monitoring tools.". (PR Newswire)
En Pointe Technologies, Inc. Replies to Nasdaq Concerning Compliance With Annual Assessment of Internal Controls Feb 28, 2009
The Company reported that it had overcome its resource shortfall and presented to Nasdaq its progress and future plans, outlined below, for the completion of its internal evaluation of compliance with Section 404 of the Sarbanes-Oxley Act of 2002 ... As a measure of its commitment to achieving a Sarbanes-Oxley compliant status the Company offered its past compliance history which has been exemplary as it relates to SEC, Nasdaq and other compliance requirements. (PR Newswire)
Internet Gold Reports Q4 & Full Year 2008 Results Feb 26, 2009
These expenses were primarily for the continued investigation of potential joint venture and M&A opportunities, and for activities related to the Company's listing on public securities exchanges, including expenses such as investor relations, Sarbanes Oxley compliance, insurance and legal expenses. Buyback Programs - Share Buyback Program: The total number of Internet Gold shares repurchased through all outstanding share repurchase programs as of December 31, 2008 reached 3,864,481 shares,... (PR Newswire)
eLong, Inc. Reports Fourth Quarter and Full Year 2008 Unaudited Financial Results Feb 26, 2009
Factors that could affect the Company's actual results and cause actual results to differ materially from those included in any forward-looking statement include, but are not limited to, eLong's operating losses, declines or disruptions in the travel industry, the international financial crisis, slowdown in the PRC economy, the recurrence of SARS, an outbreak of bird flu or other disease, eLong's reliance on having good relationships with hotel suppliers and airline ticket suppliers, our... (PR Newswire)
Economics focus: Full disclosure Feb 25, 2009
The Sarbanes-Oxley act, which partly restored confidence after the scandals of Enron, WorldCom and others, came at a cost not only in terms of the burden of compliance it imposed on companies. In order to shield small firms, those with a stockmarket value of less than $75m were initially exempted. (The Economist)
SOX Professionals Announces Release of SOX Compliance Made Simple(r) Product Designed to Help Non-Accelerated Filers Reduce Audit Fees and Meet Anticipated 2009 Compliance Deadline Feb 24, 2009
SAN FRANCISCO, Feb. 24, 2009 (GLOBE NEWSWIRE) -- SOX Professionals, LLC, a leader in innovative and cost-effective Sarbanes-Oxley (SOX) compliance solutions, announces the release of the SOX Compliance Made Simple product suite designed for non-accelerated filers needing to comply with Section 404 of the Sarbanes-Oxley act of 2002 ... A recent article from CFO.com cited comments related to SOX compliance from Mary Schapiro, the new SEC chairwoman, which included the following; ``For example, she... (Primezone Releases)
Batch processing with SOA Feb 21, 2009
For instance, a Sarbanes Oxley violation might trigger a rollback and new round of updating core financial systems outside of the normal schedule. Service-Oriented Architecture (SOA) presents enterprises with the opportunity to expose information and processes as self-contained Services that can communicate and interoperate with each other in a standard, loosely coupled fashion. (Search Webservices)
XIFIN, Inc. Successfully Completes SAS 70 Type II Audit Feb 18, 2009
Federal regulations such as Sarbanes-Oxley, Gramm-Leach-Bliley and the Health Insurance Portability and Accountability Act (HIPAA) require corporations to audit the internal controls of their suppliers, including those that provide on-demand services. XIFIN's SAS 70 Type II audit was performed by independent auditor, SAS70 Solutions, Certified Public Accountants, who has verified and validated that the organization is actively following these procedures, policies, and controls. (PR Newswire)
> 'There is more and more burden dumped onto CFO's laps' Feb 17, 2009
You look at what Sarbanes-Oxley did that first year; CFOs have to engrain these new regulations into their daily workflow. Another big issue for CFOs is retaining good talent, and not burning them out. (Baltimore Business Journal, MD)
Markets alone can't solve all the problems (3) Feb 16, 2009
The Sarbanes-Oxley Act of 2002, passed in response to the enormous failures of Enron and WorldCom, has perhaps inhibited corporate fraud but at the expense of millions of honest, dedicated and deeply frustrated employees who must implement SOX compliance in their companies. This is over-correction. (Waterloo Courier, IO)
How health care data sharing puts you at risk Feb 12, 2009
These are HIPA and Sarbanes-Oxley ... According to the , it "may have a significant direct impact on health care organizations relative to changes in U.S. Sentencing Guidelines. ... [New] sentencing guidelines amendments, many generated in direct response to Sarbanes-Oxley, will significantly impact compliance officers and senior management in a number of ways." What this means is that the management of health care organizations has explicit responsibilities with regard to oversight, financial... (WND.com)
2009 Network security: What to expect Feb 8, 2009
PCI DSS, Sarbanes Oxley, HIPAA and GLBA are just a few of the laws and regulations that security managers have been tasked with managing or helping with. Now that the industry has focused on compliance for some time, the urgency to comply by and large has lessened to a degree. (Search Security, MA)
End user Compliance education Feb 8, 2009
Over the past few years there has been a massive increase in security- and privacy-oriented compliance regulations, such as the Payment Card Industry Data Security Standard (PCI DSS), Sarbanes-Oxley (SOX), HIPAA and Gramm-Leach-Bliley (GLBA), to name just a few. Several of these mandate that companies implement security awareness as part of their information security programs. (Search Security, MA)