The A-z Of Banking Reform By: Charlotte Mooney | - Do you need to understand the basic principles of banking reform, legal compliance, Basel III, and the Wall Street financial Reform Act? Have you ever wondered who Dodd-Frank is, what the Volcker Rule means and just what the Basel Committee does all day? Are you fed up with reading interminable, long-winded complicated documents just to get to the hard facts? Are you baffled and confused by a wealth of obscure, technical banking jargon? Don't worry! Just read this quick, user-friendly ABC guide ... Tags:banking reform, bank reform, Basel III, Dodd-Frank, Volcker, ICB, Wall Street Reform Act, CRD, regulatory reform
Is It Worthwhile For Consulting Firms To Go Public? By: www.365businessdays.com | - Booz Allen Hamilton (BAH) hit Wall Street on 17th of this month and has raised about $238 million with its initial public offering (IPO) of stock. Based in Virginia, Booz Allen primarily provides management and technology consulting to the U.S. government, with a focus on defence, intelligence and civil issues (98% of its revenue in FY10 was derived from the U.S. government). This IPO follows the recent trend of private equity firms taking their leveraged buyout companies to public over the last ... Tags:Booz Allen Hamilton IPO, Carlyle, consulting IPO, management consulting
- On Friday, investors were handed the news the US lost only 11,000 jobs in November"?"significantly better than the expected loss of 130,000 jobs.
- Those waiting for improving unemployment to jump into stocks missed the 75% rise in global stocks since March 9th.
- In other news, the Sarbanes-Oxley Act of 2002 is under Supreme Court review to determine whether portions are unconstitutional, and Japan"??s newish government passed a law Friday to bl ... Tags:
What Is Sas 70 By: Karina Daniel | - SAS 70 is a term for Statement on Auditing Standard 70 and it was enhanced and maintained by the American Institute of Certified Public Accountants (AICPA). Typically, the SAS 70, Report on the processing of Transactions by Service Organizations, assesses the inner controls of organization's services and where the standards of professionals are being set up for an auditor's service that is auditing.
An organization related to services can be termed as an industry that gives outsou ... Tags:What Is Sas 70
What Is Sas 70 By: Lara Nadezda | - SAS 70 is a term for Statement on Auditing Standard 70 and it was enhanced and maintained by the American Institute of Certified Public Accountants (AICPA). Typically, the SAS 70, Report on the processing of Transactions by Service Organizations, assesses the inner controls of organization's services and where the standards of professionals are being set up for an auditor's service that is auditing.
An organization related to services can be termed as an industry that gives outsourcing ser ... Tags:WhatIsSas70
Is The Pcaob Unconstitutional? By: Brian A. Lebrecht | - On May 18, 2009, the United States Supreme Court agreed to hear Free Enterprise Fund v. PCAOB, a case that challenges the structure of the Public Company Accounting Oversight Board as unconstitutional. The PCAOB has been called many things, but is it unconstitutional, and if it is, what then?
PCAOB Structure
Formation of the PCAOB
In 2002, in response to a series of accounting scandals including Enron and WorldCom, Congress hastily passed ... Tags:pcaob, appointments clause
Section 404 For The Non-accelerated Filer By: Brian A. Lebrecht | - After several extensions, the Securities and Exchange Commission (the "SEC") has finally settled on a compliance date for non-accelerated filers with respect to Section 404 of the Sarbanes-Oxley Act of 2002 ("Sarbanes-Oxley").
What is Required?
In order to comply with Section 404 there are two reports that are required. One is prepared by management of the company, and the other is prepared by the company's independent auditor.
Sarbanes Oxley Act Sox And Not The Ones On Your Feet! By: Earl Powers | - Sarbanes Oxley Act falls under 'Corporate and Auditing Accountability, Responsibility, and Transparency Act' or 'CAARTA' act which was passed by the US Senate Banking Committee with the support of President Bush. This act was passed to strengthen corporate governance and improve investor confidence. Sarbanes Oxley Act ensured the accuracy and reliability of disclosures from the corporate world. This came into force to avoid any financial scandals from corporate giants.
