Accounts Payable - Bill 198 SOX Tests
Found in SOXThe Accounts Payable process needs to be very carefully controlled. Read more »
Tags: Accounts Payable
SOX10 Steps to SOX Efficiency The Institute of Internal Auditor Magazine (October 2008), has an excellent article written by Norman Marks, CPA, VP Governance at Business Objects (an SAP company). It contains practical information about what questions companies should be asking, and reviews that they should be doing to ensure that their SOX processes are as efficient and effective as possible. Read more » Tags: SOX Efficiencies52-109 Update October 24, 2008Found in SOXOn October 24, 2008 the OSC released the long awaited revisions to National Instrument 52-109. This is a follow up to the announcement on April 28, 2008 that various aspects were under revision and public comment was welcomed. Well, the final program for Canadian “SOX” is now in place, and as expected, the effective date for full implementation is December 15, 2008 – no extensions. Read more » Tags: 52-109, updateSOX, Bill 198, 52-109 ConsultingFound in SOXOrganizations can often benefit from the additional resources, expertise and independence provided by external consultants, such as Gary Schein of GFS Consulting. Gary has been involved with SOX process documentation, test designs, testing, and risk assessments with publicly traded companies for over 4 years. In addition, Gary is a member of the Institute of Internal Auditors, and has over 25 years of financial management, accounting and internal audit experience with public, private and non-profit organizations. Tags: 52-109, Bill 198, consulting, SOXCredit Crisis and SOXFound in SOXGiven the credit crisis and financial turmoil during September and October 2008, it makes me wonder whether all the effort regarding SOX has been effective. In other words, SOX improved safeguards around internal controls, financial reporting, conflict of interests, transparency etc. Therefore, should we have expected the SOX program to have prevented or at least mitigated the financial crisis in the US? Read more » Tags: Credit Crisis, SOXPortfolio Position Report - SOX TestsFound in SOXCompanies involved with managing a portfolio of financial or physical commitments must have a robust system in place to keep track of the obligations to that have been committed to sellers and buyers of these products. This pertains to primarily to Banks, and companies involved with commodity futures. Tags: portfolio position report, SOX testing |
|
Entries (RSS)