There has been increased focus on director responsibilities since the Enron accounting scandals in the USA (which resulted in the Sarbanes Oxley Act of 2002). Read more »

Share This

The Institute of Internal Auditors (IIA) Canada, recently provided some feedback to the CSA regarding the proposed changes to MI 52-109 announced April 28, 2008. Read more »

Share This

IT General Controls are one of the most important areas to review as part of C-SOX key controls. Read more »

Share This

From The Economist print edition

Jul 26th 2007 | NEW YORK

Sarbanes-Oxley

Satoshi Kambayashi

Corporate America is learning how to live with the tough regulations introduced after the collapse of Enron.

FOR the leaders of corporate America it has been five long years. The Sarbanes-Oxley Act, widely known as SOX, was signed into law on July 30th 2002 by George Bush, who called its tough new rules the “most far-reaching reforms of American business practices since Franklin Roosevelt was president”. The hope was to restore public confidence in American business, which had been badly shaken by huge corporate scandals, such as those which led to the bankruptcies of Enron and WorldCom. Read more »

Share This

Internal control means different things to different people. This causes confusion among business people, legislators, regulators and others. Resulting miscommunication and different expectations cause problems within an enterprise. Read more »

Share This

What is strategic planning and why is it so important? Read more »

Share This