It’s the People in the Process Who Matter — Redux
Back in August 2009 (seems like a long time ago) I posted “It’s the People in the Process Who Matter” on this blog. The general premise of that post was that most business process and internal control failures start and end with people. It starts with people who make decisions to design and implement (or [...]
Effective FCPA Compliance Management
As follow-on to my last Process Points posting, this blog considers the same premise when it comes to the FCPA.
Complying with the requirements of the Foreign Corrupt Practices Act (FCPA) is not an easy task. And while FCPA compliance can be one of those “out of sight, out of mind” tasks, you might want to [...]
Effective Closing Process Management
After recovering from some hand surgery, I am now able to restart my blog postings. Sorry for the short sabbatical.
As the calendar year is rapidly coming to a close, this means that the annual closing and audit process is once again starting to get on our minds. And regardless of whether or not you [...]
Small Filers Ready for SOX?
Small public companies, also known as “non-accelerated filers,” have been facing for a long time the costs of compliance with Sarbanes-Oxley (SOX) Section 404(b)’s requirement for the external auditor to report on the adequacy of the company’s internal control over financial reporting. Over a year ago, in June 2008, the SEC announced that the 404(b) [...]
Manual JEs, Risk, and IFRS?
Over the last 10 to 15 years, the degree of automation in financial processes has advanced dramatically. And while most companies continue to strive to develop and implement even more automation into their transaction processing and financial closing and reporting processes, there is little doubt that the manual journal entry is going to continue [...]