Anticipating the Next New Variety of Cybersecurity Litigation
Whistleblower cases may be the next trend in cybersecurity litigation. Morrison & Foerster’s Kristen J. Mathews, Mark David McPherson and ...
Tag: SOX Compliance
What is SOX compliance? It refers to complying with all aspects of the the Sarbanes-Oxley Act, enacted in 2002 as a means to improve corporate disclosures and to protect shareholders and the public from accounting fraud or errors. The goal is better governance and accountability — but adhering to it is not without headaches for compliance officers and internal auditors.
All public companies now must comply with SOX, both on the financial side and on the IT side, since SOX now includes requirements regarding the storage of a company’s electronic records. Consequences for noncompliance include fines or imprisonment, or both.
One of the key provisions of SOX is SOX Section 404: Management Assessment of Internal Controls.
The FCPA and SOX & Internal Controls – Twin Sons of a Different Mother?
Both pieces of legislation aim to minimize wrongdoing – one to prevent corruption abroad, the other to minimize financial fraud. ...
The (a)(b)(c)s of Sarbanes-Oxley 404
Section 404 of the Sarbanes-Oxley Act continues to be in the news and be a challenge for some companies. We ...
What’s Next for Compliance Enforcement?
The 2005 docudrama Syriana captured the moment just before FCPA enforcement reached the great heights we’ve come to expect today. ...
Revenue Recognition, Cybersecurity and PCAOB Inspection Reports Found to be Influencing Forces on Companies’ SOX Compliance Efforts
In new survey from Protiviti, businesses agree SOX is beneficial but face challenges to meet auditor requirements, revenue recognition rules ...
How SMBs Can Ensure Compliance with New Regulations
Small and medium-sized businesses often understand the critical importance of compliance, but just as often don’t have the resources to ...
Streamlining Financial and Compliance Reporting as Regulations Evolve
Financial reporting still involves pulling data manually out of an ERP/EPM system into Excel, then manipulating the data to create ...
How Does a Compliance Officer Blow the Whistle – And What Happens Then?
Compliance officers eligible to participate in the SEC and CFTC whistleblower programs must navigate strict rules. Speaking up always carries ...
Can Compliance Officers Be Whistleblowers?
Whistleblower award programs had record-breaking years in 2018, with more than $243 million in award payouts. Attorneys Michael Filoromo and ...
Whistleblower Laws: Current Issues
Q&A with Rick Schroeder of Jones Walker Rick Schroeder, leader of the Corporate Compliance & White Collar Defense Practice at ...
One of the World’s Most Feared Enforcement Tools
The History of FCPA Enforcement, Part 2 In Part 1 of this two-part series on the history of the enforcement ...
Breaking the Cycle of Spreadsheet Hell
Solving Spreadsheet Risks and Errors is Easier Than You Think A decade ago, a professor of IT management and an ...
