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Sarbanes Oxley Act

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By Shappell, Brian | Publication: Business Credit | Filed In: Insolvency & Bankruptcy Courts and Law Courts & Tribunals
[ILLUSTRATION OMITTED] The biggest wave of business bankruptcies may be over (key words here are "may be," pending the economy's trajectory), but that's not to say the courts will be devoid of with...
Business Journal
"Five Signs a New Segregation of Duties (SoD) Compliance Strategy Needs to be Implemented" covers pain points and ideas to improve compliance program MILWAUKEE -- ControlPanel(GRC)[TM], a provider of Governance, Risk and Compliance...
Press Release
Publication: Business Wire | Filed In: Memory Chips and Computer Chips
In a flashOyour photos could be lost! NEW ORLEANS -- DriveSavers Data Recovery, the worldwide leader in data recovery services, announces today it has formed a dedicated research and development team to conquer...
Press Release
Enterprise SaaS Application Helps Companies Maximize Suite Ticket Usage and Track ROI from Their NFL Entertainment Assets CALABASAS, Calif. -- As the Baltimore Ravens prepare to host the Houston Texans this Sunday at...
Press Release
Publication: Business Wire | Filed In: Trends and Trends & Events
GUADALAJARA, Mexico -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") announced today preliminary terminal passenger traffic figures for the month of December 2011 compared to...
Press Release
Publication: Business Wire | Filed In: Technical Support and Customer Relations
Using an Unscrupulous Data Recovery Vendor Can Result in Loss or Theft of Sensitive and Confidential Information NOVATO, Calif. -- DriveSavers Data Recovery, the worldwide leader in data recovery services, announced today that...
Press Release
GUADALAJARA, Mexico -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") informs regarding its expected guidance for the twelve-month 2012 period (January 1 to December 31,...
Press Release
Publication: Business Wire | Filed In: Animation and Movie & Video Production
Company Files Forms 15 and 8-K with the SEC SANTA MONICA, Calif. -- Image Metrics, Inc. (OTCBB: IMGX), a provider of digital facial animation technology and services for the entertainment industry, today announced...
Press Release
- Helen Thackray, M.D., Appointed Chief Medical Officer; Brian Hahn Named Chief Financial Officer - GAITHERSBURG, Md. -- GlycoMimetics, Inc. (GMI), a clinical-stage biotechnology company developing a new class of glycobiology-based therapies for...
Press Release
THOUSAND OAKS, Calif. -- Teledyne Technologies Incorporated (NYSE:TDY) today announced that the executives listed below will present at the following investor conferences in January and February 2012: 14th Annual Needham Growth Conference; New...
Press Release
By Verschoor, Curtis C. | Publication: Strategic Finance | Filed In: Litigation and Legal Services
The culpability of credit rating companies in contributing to the financial crisis of 2008-2009 has been widely debated without conclusive agreement. After months of hearings and study, the January 2011 Final Report of...
Business Journal
By Barlas, StephenCastelluccio, MichaelThompson, Lance A | Publication: Strategic Finance | Filed In: Civil Procedure and Legal
Look for an emboldened Securities & Exchange Commission to file new "clawback" civil suits against CEOs and CFOs who were on board during a period in which their companies engaged in financial reporting...
Business Journal
By Verschoor, Curtis C | Publication: Strategic Finance | Filed In: Banking & Finance Regulation and Banking Law
HEADNOTE Regulatory downgrading of the role of credit raters is misguided. Development of ethical and professional standards would make information needed by investors more useful and reliable. The culpability of credit rating companies...
Business Journal
By Seifert, Deborah LLindberg, Deborah L | Publication: Strategic Finance | Filed In: Annual Financial Results and Financial Results
The long journey toward adoption of International Financial Reporting Standards (IFRS) has been a procrastinator's dream. Each year, it seems, publicly traded U.S. companies have been put on notice that implementation of the...
Business Journal
By Seifert, Deborah L.Lindberg, Deborah L. | Publication: Strategic Finance | Filed In: Annual Financial Results and Financial Results
The long journey toward adoption of International Financial Reporting Standards (IFRS) has been a procrastinator's dream. Each year, it seems, publicly traded U.S. companies have been put on notice that implementation of the...
Business Journal
By Mills-Groninger, Tim | Publication: The Non-profit Times | Filed In: Business Software and Software Services & Applications
Ask an accountant to say which is worse, the annual audit, a fire, or a lawsuit and the response will be reminiscent of the old Jack Benny joke "Your money or your life?"--"I'm...
Business Journal
Publication: Strategic Finance | Filed In: Civil Procedure and Legal
Look for an emboldened Securities & Exchange Commission to file new "clawback" civil suits against CEOs and CFOs who were on board during a period in which their companies engaged in financial reporting...
Business Journal
Patrick Thesing to lead Corporate Compliance Program HOUSTON -- Stewart Information Services Corp. (NYSE: STC) announced today the appointment of chief compliance officer Patrick Thesing. Thesing, having worked with Stewart for more than...
Press Release
PHOENIX -- ON Semiconductor Corporation (Nasdaq: ONNN) today announced that it has entered into a senior revolving credit facility with a group of lenders. The facility enables the company to borrow up to...
Press Release
By Mark Anderson | Publication: LexisNexis | Filed In: Commercial Mortgages and Mortgage Loans
If you’re looking for a financial services job, your prospects are a little better. If your job search is in banking, prepare for a longer hunt. Robert Half International’s quarterly survey of financial...
Business Journal

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Business Glossary

Definitions for: sarbanes-oxley act
sarbanes-oxley act

federal law enacted in 2002 that introduced major reforms in corporate governance and financial reporting. The act (also called the Corporate Responsibility Act) is regarded as the most sweeping securities legislation since the securities and exchange act of 1934, which established the Securities and Exchange Commission and federal regulation of the securities industry. Among its provisions, Sarbanes-Oxley established an independent five-member watchdog agency, the Public Company Accounting Oversight Board (PCOAB), to oversee audits of public company financial statements; required corporate financial officers to certify accuracy of financial statements; required public companies to certify in annual reports the effectiveness of internal controls on financial reporting; banned corporate loans to executives and directors; and required companies to have procedures for handling whistleblower complaints concerning questionable accounting or auditing practices.

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