The pros and cons of different SOX compliance program models Every publicly traded company is legally obligated to comply with the Sarbanes-Oxley (SOX) Act, and that compliance inevitably comes at a cost.
Information technology is not without its risks.
CFGI recently rounded up a few of its top Sarbanes-Oxley specialists to discuss all things SOX compliance on camera.
The PCAOB defines a material weakness as, “a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.
Private equity: Current and emerging financial due diligence considerations when acquiring physician practices
As private equity acquisitions of healthcare businesses have surged over the past decade.
On November 19, 2018, the FASB issued an Exposure Draft, Codification Improvements – Financial Instruments, to clarify guidance involving credit losses (Topic 326), derivatives and hedging (Topic 815) and recognition and measurement of financial assets and liabilities (Subtopic 825-10).
Concerns raised by PCAOB over the quality of Broker-Dealer PCAOB Inspections At the recent 2018 AICPA Banking and Savings Conference, Jim Kaiser, Board Member at the PCAOB, addressed PCAOB’s concern over the 2017 inspection results for the Broker-Dealer community.