After six years of survival, could a constitutional technicality derail the far-reaching Sarbanes-Oxley Act? At issue is a case before the U.S. Court of Appeals in Washington, D.C. that challenges the constitutionality of the Public Company Accounting Oversight Board. The PCAOB was set up by the Sarbanes-Oxley...
From the executive summary: ‘The Public Company Accounting Oversight Board PCOAB is finally rolling up its sleeves and getting down to business. The board proposed its standard on an audit of internal control over financial reporting, and put it out for public comment. The PCAOB is also seeking comment on...
The Public Company Accounting Oversight Board PCAOB voted unanimously to propose an auditing standard, An Audit of Internal Control Over Financial Reporting Performed in Conjunction with An Audit of Financial Statements. This is the first audit standard proposed by the PCAOB since it took control of such matters from the American...
ALAMEDA, Calif. -- International Building Technologies Group, Inc. (OTCBB:INBG) announced today that it has engaged Albert Wong & Co. to audit the acquisition of China based Wuhan Wufeng Machinery Manufacturing Company ("Machinery Company"). HJ Associates & Consultants, LLP will still remain as the Company's primary Auditor. Albert Wong...
ProvidentialHoldings, Inc. (OTCBB: PRVH), which operates in merger and acquisitionsconsultancy, financial services, energy and resources, real estatedevelopment and invests in special opportunities, has successfullycompleted the reverse merger of Catthai Manufacturing and Trading Companyinto a publicly traded entity, Strategia Corp. The surviving corporation has changed its name to Catthai Corporation, andwill...
FORT LAUDERDALE, Fla., July 28 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (BULLETIN BOARD: MDOR) today announced it has engaged Weinberg & Company, P.A. as its PCAOB Accounting firm. Joseph Glusic, President of Magnum, said, "After an extensive search, we are pleased to announce our engagement...
KANSAS CITY, Mo. -- H&R Block (NYSE:HRB) announced that Ms. Christianna Wood, Chief Executive Officer of Capital Z Asset Management, has been named to its Board of Directors, effective immediately. Ms. Wood fills a vacancy on the board. Capital Z is the largest dedicated sponsor for startup...
HONG KONG -- Sino Express Travel Limited (OTC: SXPT) announced today that it has chosen Albert Wong & Co. to be the company's auditor. Albert Wong & Co., a Hong Kong based CPA firm, is a registered public accounting firm approved by the Public Company...
LAKE HAVASU CITY, Ariz. -- Western Sierra Mining Corp. (OTC: WSRA) announced today that the Company has recently filed on Form 8K that it has engaged the PCAOB member accounting firm of Moore & Associates, Chartered Accountants and Advisors, as its outside auditors. As part of the...
Emporia, Inc. (PINK SHEETS: EPRA) today announced that the management accounts of Intent 21 Limited based in Manchester, England have been presented for audit. The procedure is expected to take 30 days to comply with the UK company legislation and convert to US PCAOB audited compliance. Emporia's management...
Internal Auditors Report Decrease in Time and Number of Controls, and Increase in Activities to 'Rebalance' Toward More Strategic Responsibilities MENLO PARK, Calif., June 30 /PRNewswire/ -- Is it possible that Sarbanes-Oxley compliance is becoming a little easier? According to a new survey from...
LOS ANGELES -- Platforms Wireless International Corporation (Pink Sheets:PLFM) (www.plfm.net) announced today that its independent auditors have completed their field work on a six-year, comprehensive audit of the company's financial statements. The independent audit required more than two years to complete, and it covers the fiscal years...
Strategic Environmental & EnergyResources, Inc. SEER (PINKSHEETS: SENR), a leading provider oftechnology-based industrial services in the environmental, energy and railtransportation sectors, today announced significant progress towardfinalizing in the current third quarter its 2007 and 2006 audited financialstatements and becoming a fully reporting company late in 2008. J John...
A SHARD AS IT MIGHT BE FOR AUDITORS TO BELIEVE, some chief audit executives CAEs actually had a positive experience with U.S. Sarbanes-Oxley Act of 2002 compliance. These CAEs were bolstered by a supportive management team that recognized the stakes, understood the appropriate delineation of duties, and...
SECTION 101 OF THE U.S. SARBANES-OXLEY ACT of 2002 established the Public Company Accounting Oversight Board PCAOB--a private-sector, non-profit corporation--to oversee auditors of public organizations. Endowed with both private and legislative powers, the PCAOB maintains its headquarters in Washington, D.C., with offices in Ashburn, Va.; Atlanta; Chicago;...
RECENT DECISIONS BY the PCAOB seek to strengthen the external auditor's responsibility to communicate with the audit committee about auditor independence and to reduce unnecessary restrictions on a company's choice of audit firms. Rule 3526, Communication With Audit Committees Concerning Independence, is intended to enhance communication between...
A REVISED GUIDE FROM Protiviti answers 258 questions about appropriate reporting methods and other issues related to compliance with Section 404 of the U.S. Sarbanes-Oxley Act of 2002. The Guide to the Sarbanes-Oxley Act: Internal Control Reporting Requirements - Frequently Asked Questions Regarding Section 404 reflects changes...
AUDIT COMMITTEES ARE EXPECTING INTERNAL AUDIT departments to make strategic, operational, and business risk a higher priority as demands of compliance with the U.S. Sarbanes-Oxley Act of 2002 have eased in the past year, according to the 2008 State of the Internal Audit Profession Study by PricewaterhouseCoopers...
WHILE SOME MEMBERS OF OUR PROFESSION MAY DEBATE THE APPROPRIATE level of internal audit involvement with U.S. Sarbanes-Oxley Act of 2002 compliance, most would likely agree that our assessment of Sarbanes-Oxley programs and key financial controls is critical to organizational stakeholders. Our extensive knowledge and unique perspective...
Bergamo Acquisition Corp.(PINKSHEETS: BGMO), as a follow up to its prior announcementof 5/22/2008 concerning its commitment agreements, hasengaged the accounting firm of Miller Elin to oversee thepreparation of those documents necessary to Edgarize filingwith the SEC and is PCAOB Certified. To assist the companyin its initial request to secure Debt/...
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