Compliance Regimes and Regulatory Mandates, Sarbanes and Oxley,
COSO, ERM, HIPAA, GAPP Generally Accepted Privacy Principles, OCEG, J/C SOX, Corporate Governance, Corporate Social Responsibility, Incident Management, Hot Line Reporting, Risk Management, Whistle-blowing, General HR Policy, Workforce Training Awareness.
This post is not a regular blog but a repository of terms related to Governance Risk Management and Compliance. You may consider it as a GRC cheat sheet. Well the purpose was solely personal but there is no harm in sharing, so here we go.
Few weeks back, I came across a question on Linkedin regarding the ways and methods for handling SOX compliance in Non-US companies. Fortunately, I was exploring deep into the subject at that time and posted an answer instantly. This turned out to be the best answer on Linkedin, So decided to share the same with [...]
The Sarbanes-Oxley Act (SOX) impacts directly on companies that are listed on the US stock exchanges, but it has standard setting implications for any company that may go pubic or that might be acquired by a public company. I was recently contacted by an Australia based Business Analyst whose company is getting privatized with 50% [...]
We’re all for strengthening the safety standards of mass-produced toys, clothes, and accessories made in China, and banning toxins like phthalates and lead. But this year, congress (USA’s) passed the ill-conceived Consumer Products Safety Improvement Act, a law which goes into effect in two months and will absolutely decimate the small toy manufacturers, independent artisans, and [...]
Looking at the world economic slowdown, do you think the compliance regulations like SOX, CLERP 9, Bill 198, JSOX, Clause49 or similar regulations would require further amendments? So far what I have learnt is that, SOX does not define uniform principles, standards, or report forms for the examination of public companies. Ultimately we have to [...]
Ok so let’s start with SOX Sections related to Internal Controls and Disclosure. After the SOX legislation came into existenance, A significant amount of attention was given to Section 302 (Disclosure) and Section 404 (Internal Controls). Sarbanes-Oxley Sections 302 and 404 are specifically designed to ensure information required to be disclosed is initiated, processed, recorded, [...]
Last Wednesday, I had some healthy discussion with Ankur Tandon about his perspective on SOX and Internal Controls. Its’ been almost a week, that I was thinking about writing what we discussed on a busy scrum day. About Ankur Tandon: Ankur Tandon is a key developer of SAP Enterprise Risk management solution. He can be described as a person [...]
An effective internal control is the basic foundation of safe and sound organizational financial policy. Internal control means different things to different people.
Sarbanes Oxley Act of 2002 is also known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX or Sarbox. SOX is a United States federal law enacted on July 30, 2002 in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, [...]
Posted on Nov 11, 2007 Summary: An effective internal control is the basic foundation of safe and sound organizational financial policy, indeed it’s now the law (Section 404 and Section 302 of SOX). This blog introduces you to Sarbanes Oxley Act of 2002 specifically covering Section 302 (Disclosure) and Section 404 (Internal Controls), COSO, COBIT Control framework. [...]
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