- Risk Management and IT Auditing Require Improvement
- Internal audit and business and technology risk consulting provider Protiviti surveyed over 450 chief audit executives, internal audit directors, managers and other professionals and found that risk management and IT auditing are the two utmost areas in need of improvement. [more]
- Dell Delays 10-K Pending Probe
- Dell Inc. will delay filing its annual results while it completes an investigation into accounting and financial reporting errors and evidence of misconduct. [more]
- Risk Goes Global
- Companies have been slow to adjust their risk management practices to the realities of globalization. [more]
- SEC Censures, Fines Ernst & Young for Auditor Independence Violations
- For the second time in almost three years, the SEC has sanctioned Ernst & Young for alleged breaches of auditor independence rules. [more]
- Life-Cycle Funds Fall Short
Target-date 401(k) funds are supposed to provide adequate income when an employee reaches retirement age, but the assumptions behind these funds are proving to be overly optimistic, according to a study by J.P. [more]
- Latest Risk Management Challenge: Blogging?
Risk management executives are underinformed about possible threats that can arise from employees' blogging activities. [more]
- General Motors Reveals Problems With Internal Controls
Buried in General Motors' March 15 10-K filing with the SEC is a disclosure that its internal controls over financial reporting are ineffective and could impede execution of its business plan, GM warned investors. [more]
- Centralization Nation
Centralizing certain treasury operations makes sound business sense, but determining the appropriate processes and carrying out the mandate requires intensive introspection and planning. [more]
- Survey Finds Planning Is Key to E-Filing Compliance
A recent survey of 312 senior corporate tax executives has found that US companies that are obligated to e-file are spending more time and money to do so than before the IRS mandate. [more]
- A Jump Start for ERM
Enterprise risk management (ERM) using the COSO model is a non-starter for most organizations unless they have massive resources and flawless project management skills. [more]
- SEC Charges Ex-Nortel Execs in Latest Financial Fraud Scandal
The SEC has filed civil charges against four former senior executives at Nortel Networks, a Canadian telecommunications equipment manufacturer, for a slew of financial fraud activities that caused shareholders to lose billions of dollars. [more]
- High Five for Section 404: Material-Weakness Reports Drop
Sarbanes-Oxley Section 404 seems to be working, as the number of public US companies disclosing material weaknesses in their internal controls after year two fell 13 percent overall from the previous year. [more]
- M&A Bonanza Spawns Massive Debt, Sliding Credit Ratings
Even though the boom in M&A activity is expected to continue into 2008, there are signs that these deals are eroding credit quality. [more]
- Rethinking the Independent Board of Directors
A new study by law firm Schuyler Roche & Zwirner has found no evidence that independent directors enhance shareholder returns. [more]
- The Merc Masters Certification
After a major initiative by the compliance team, the CFO and CEO of the Chicago Mercantile Exchange can certify quarterly financial reports with extreme confidence. [more]
- Changing Global Market Conditions Demand New Finance Strategies
In 2006, stocks were up, bond prices signaled caution, and nobody could agree on the direction of US policy rates. [more]
- Employers and Insurers Set to Embrace Medical Tourism
Medical travel, which has been on the rise as a means of coping with the high cost of medical care in the United States, is about to enter its third phase. [more]
- Business Failures Index Predicted to Climb in 2007
A decline in US GDP growth coupled with the rising costs of doing business will cause an increase in US business bankruptcies in 2007. [more]
- Risk Recognition High Among Audit Committees, Follow-Through Low
Audit committees are rising to the challenges of broader oversight roles and burgeoning global business, but they still aren't taking their risk responsibilities as seriously as they should, according to Ernst & Young's 2006 Audit Committee Survey. [more]
- The Conference Board Releases ERM Study Findings
"As soon as business organizations abandon the traditional view of corporate governance as a regulatory burden, they can begin to more easily understand its value as a fundamental risk management activity," says Matteo Tonello, a corporate governance guru at The Conference Board. [more]
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