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BNET Business Dictionary
- Audit
- a systematic examination of the activities and status of an entity, based primarily on investigation and analysis of its systems, controls, and records
- Audit definition on BNET »
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- Sarbanes Oxley Act of 2002: New Corporate Responsibility and Disclosure Requirements
- The webcast provides briefing as a comentary on current legal issues, and it should not be considered a legal advice which depends upon the facts of each situation. The Sarbanes-Oxley act came into the effect on 7th July, 2002 after President Bush signed the law. "It was a sweeping overhaul."...
- Webcasts 2002-08-13
- Section 307 Of The Sarbanes-Oxley Act And Related SEC Rules
- The provisions of a recent Act affect corporate responsibility and its disclosure. Accounting irregularities in the past necessitated such an Act. The Act seeks to streamline the audit management process in a company. The paper examines the reasons behind the release of the Act, general overview of the provisions of...
- Presentations 2003-06-09
- Sarbanes-Oxley Implications For Your Internal Processes And Systems
- A recent Act seeks to bring sweeping changes in accounting and auditing practices. The Act also addresses issues like corporate and criminal fraud accountability, corporate responsibility, and corporate tax returns. The Act incorporates rules for corporate responsibilities and audit management. The paper examines the Act and discusses its implications on...
- Presentations 2003-04-23
- Sarbanes-Oxley Act of 2002
- A recent Act seeks to usher in fundamental changes in accounting and auditing practices. The Act also addresses issues like corporate responsibility and financial disclosures. The Act incorporates rules for corporate responsibilities and audit management. The Act contains several penalties for defaulting on any of the provisions of financial transactions...
- Presentations 2003-10-01
- Ripple Effects Of The Sarbanes-Oxley Act
- A recent Act seeks to bring sweeping changes in accounting and auditing practices. The Act also addresses issues like corporate and criminal fraud accountability, corporate responsibility, and corporate tax returns. The Act incorporates rules for corporate responsibilities and audit management. The Act, however, has certain unintended and unforeseen consequences. The...
- White papers 2003-01-01
Additional Resources
- The New World Of Corporate Responsibility
- A recent Act bestows more responsibilities on audit committees with regard to financial analysis and reporting in an organization. It accords independence to the auditor on certain accounting issues. Apart from the auditing and accounting issues, the other issues addressed by the Act include corporate and criminal fraud accountability, corporate...
- Presentations 2003-01-01
- Sarbanes-Oxley Act Of 2002 -Regulations Affecting Corporate Responsibility And Its Disclosure
- The provisions of a recent Act affect corporate responsibility and its disclosure. Accounting irregularities in the past necessitated such an Act. The Act seeks to streamline the audit management process in a company. The paper examines the reasons behind the release of the Act, general overview of the provisions of...
- Presentations 2003-01-01
- Sarbanes-Oxley And Corporate Responsibility: How To Practice Good Corporate Governance
- This webcast tells about Sarbanes Oxley Act and its impact on financial management. The certifications needed for the same; financial reporting responsibilities and internal control responsibilities are discussed in this regard. The section 906 of this act makes an impact on the financial management. The companies must accompany any periodic...
- Webcasts 2002-11-06
- Accounting Oversight and Corporate Responsibility Reform Also Amends ERISA
- On July 30, 2002, the President signed the Sarbanes-Oxley Act of 2002 into law. After providing an overview of the Act, this article focuses on the new rules that require advance notice of blackout periods for 401k and other defined contribution plans, bar insider trading during blackout periods, restrict loans...
- White papers 2002-08-02
- Bank One Corporation: Corporate Governance Principles
- The Board shall at all times maintain committees with the following responsibilities: an audit committee, a compensation committee, and a governance and nominating committee. The Board has established the following Committees: Audit and Risk Management; Corporate Governance and Nominating; Compensation and Organization; Public Responsibility; and Executive. The basic responsibility of...
- White papers 2002-12-17
- Hillenbrand Industries, Inc. - Corporate Governance Standards For Board Of Directors
- The corporate governance standards established by the Board of Directors provide a structure within which directors and management can effectively pursue the Company's objectives for the benefit of its shareholders and other constituencies. The Board will consider all major decisions of the Company. However, the Board has established the ...
- White papers 2003-09-10
- The Audit of the Future
- Once the Andersen/Enron dust clears, new regulations will reshape the audit, but for proactive CFOs, the audit of the future is now. This article brings into account of those who forget the past, the old saw goes, are destined to repeat it. Yet those who stare at it turn their...
- White papers 2003-01-01
- Providian Financial Corporation-Corporate Governance Guidelines
- The Board will have a two-thirds majority of directors who meet the criteria for independence required by the New York Stock Exchange. The Nominating and Corporate Governance Committee is responsible for reviewing with the Board, on an annual basis, the requisite skills and characteristics of new Board members as well...
- White papers 2003-01-29
- Sarbanes-Oxley Act Of 2002: New Corporate Responsibility And Disclosure Requirements
- A recent Act seeks to overhaul the nation's securities laws. It establishes a new, independent board for the accounting industry, creates higher standards for corporate governance and audit committees and ushers in transparency in corporate transactions. The paper focuses on the corporate governance framework and financial disclosure obligations for public...
- Presentations 2002-08-13
- Management Is Responsible, Too
- AICPA's new antifraud and corporate responsibility program does a good job of telling CPAs what they should be doing during an audit. This article explains fraud-costing U.S.companies in billions. The document, sponsored by seven professional associations including the AICPA, spells out specific recommendations to help boards of directors, audit committees,...
- White papers 2003-04-01
- The Sarbanes-Oxley Act Of 2002 And Security Market Behavior: Early Evidence
- The Sarbanes-Oxley Act was formulated to reinforce corporate accountability and professional responsibility in an organization. The imposition of the Act increased the market's confidence in firms' corporate governance, financial reports, and audit functions. The Act was enacted to keep a check on the fraudulent working of various organizations. The paper...
- White papers 2003-12-01
- The Sarbanes-Oxley Act of 2002 – Public Company Accounting Reform and Investor Protection Act
- President Bush signed into law the much anticipated accounting reform and investor Protection act approved by both the House and the Senate. The Act imposes a number of new corporate responsibility and disclosure obligations, prohibits public auditors from also performing other services for audit clients, establishes a new accounting oversight...
- White papers 2002-07-30
- Comparison of Rules Affecting Directors and Board Committees
- The corporate governance rules generally apply to all companies listing common equity securities on the NYSE. Foreign private issuers may follow home country practice, other than the audit committee independence and responsibility requirements required by SEC rules. The proposals do not apply to companies listing only preferred or debt securities,...
- White papers 2003-05-20
- AMEX Approves Proposed Changes To Corporate Governance Rules
- The American Stock Exchange AMEX announced that its board of governors had approved proposed changes to its corporate governance rules. The rule changes are intended to increase disclosure requirements, strengthen board oversight and audit committee responsibility, and provide for increased shareholder rights for AMEXlisted companies. Before the new rules become...
- White papers 2002-10-25
- Internal Audit's Role in Identification and Investigation of Frauds and Other Financial Reporting Irregularities
- The Sarbanes-Oxley Act, which Congress passed and President Bush signed last year, is one result of the public backlash against the rash of corporate scandals that have been coming to light. The act includes a variety of measures to improve corporate governance; including new reporting requirements to restore trust in...
- White papers
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