This paper describes the broad parameters of the cooperative approach envisaged by the Public Company Accounting Oversight Board for the oversight of non-U.S. firms with respect to inspections, investigations and sanctions, registration, potential conflicts of laws and multinational audits. The paper also describes the Board's intended mechanisms to effect the...
The Public Company Accounting Oversight Board (“Board” or “PCAOB”) has announced the process it will use to establish auditing and other professional standards for registered public accounting firms. This release describes generally the manner in which the Board intends to discharge these responsibilities and proposes PCAOB Rule 3700, which would...
The Sarbanes-Oxley Act of 2002 bestows more responsibilities on audit committees with regard to financial analysis and reporting in an organization. The Act provides a framework for enhancing the quality of financial information by streamlining the auditing process. This way the Act seeks to reform the auditing practices. It accords...
SARS Corp. appoints new Board member and replaces its Chief Executive Officer as the company moves toward the launch of its product lines SEATTLE -- SARS Corp. (OTCBB:SARO) ("SARS"), a leader in satellite-based management of fixed and mobile assets anywhere in the world, announced today that Alan Chaffee,...
Seasoned Finance Executive Has Expertise in Public Company Reporting and Auditing DALLAS -- Omni Oil & Gas, Inc. (Pink Sheets:OMOI) (www.omnioil.com), a company specialized in oil and gas exploration and production, announced today that it has appointed Daniel S. Briney as the Company's Chief Financial Officer. Mr. Briney...
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 Accounting Oversight Board...
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 Protiviti Inc., organizations...
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; Dallas; Denver; Irvine,...
FOR MOST INTERNAL AUDIT DEPARTMENTS, the initial years of compliance with the U.S. Sarbanes-Oxley Act of 2002 constituted a radical detour. The act's requirements frequently eclipsed other audit responsibilities and projects, shifting audit priorities and consuming substantial department resources. But now, due to implementation efficiencies and less burdensome guidance from...
SEC, DoJ, and Compliance Leaders From Starbucks, Yahoo, Pfizer, and Others Offer Approaches For Other Public Company Executives BOSTON -- With major financial reporting developments like XBRL looming and global regulatory changes afoot, Compliance Week 2008 in Washington D.C. this June 4-5 provides a sharp, timely view into...
BETHESDA, Md., May 9 /PRNewswire-FirstCall/ -- India Globalization Capital, Inc. (AMEX: IGC.U, IGC.WT, IGC, "Company") today announced that it is replacing its present auditors with the firm of Yoganandh and Ram, an accounting firm located in India and registered with the Public Company Accounting Oversight Board PCAOB. IGC...
It's a big year in politics, and more companies are agreeing to provide increased political disclosure. Abode Systems Inc., United Parcel Service Inc. and United Technologies Corp are among the companies that recently agreed to report their trade association payments used for political purposes as part...
Sarissa Resources, Inc. (PINKSHEETS: SRSR)announced today that the Company has engaged the services of an independentauditing firm to audit the consolidated financial statements of SarissaResources in accordance with Generally Accepted Accounting PrincipalsGAAP and to provide the Company's Board of Directors with an opinion onthem in accordance with the standards of...
AFTER SPENDING ITS FIRST FEW YEARS addressing urgent internal control matters arising from the U.S. Sarbanes-Oxley Act of 2002, the Public Company Accounting Oversight Board PCAOB may be returning full-circle to issues that were at the forefront before the law was enacted, says Kimberly Gavaletz, who recently completed a two-year...
THE U.S. PUBLIC COMpany Accounting Oversight Board PCAOB has adopted Auditing Standard No. 6 (AS6), Evaluating Consistency of Financial Statements, to clarify how external auditors evaluate and report adjustments to previously issued financial statements. AS6 also aligns the external auditor's responsibilities with the Financial Accounting Standards Board's Statement of Financial...
Industry's First Collaborative Solution for Audit Firms and Mid-Market Companies Manages All Aspects of Auditing Process SANTA CLARA, Calif. -- OpSource[TM], the SaaS delivery experts, today announced that AverQ, Inc. has selected OpSource On-Demand[TM], the leading Web operations solution, for web delivery of their financial audit management solution....
APEX Analytix, a leading provider of audit recovery services and software for performance management, error prevention and fraud detection in the procure-to-pay cycle, has launched enhanced versions of its industry leading Vendor Risk Analysis services and FirstStrikeTM Fraud Detect software. Fraud is...
Message from the Chair [ILLUSTRATION OMITTED] You might think that the future of the management accounting profession rests in the hands of bodies like the Securities & Exchange Commission SEC, the Public Company Accounting Oversight Board PCAOB, or even...
The U.S. board that oversees public-company auditors has proposed a rule that may result in stronger financial statement reviews by outside accounting firms, as required by the 2002 Sarbanes-Oxley Act. The Washington-based Public Company Accounting Oversight Board voted 4-0 Tuesday to make auditors' reviews more rigorous by...
EFT BioTech HoldingsInc. (PINKSHEETS: EFTB), today announced that it has retained the servicesof Weinberg & Company, P.A., as independent auditors for the Company. Weinberg & Company, P.A. has offices in Florida, California, and Hong Kongproviding audit services to public and private companies worldwide.Weinberg & Company has been ranked #40 among...
Articles 2008-02-07
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