Category Archives: Government

SEC Upholds PCAOB Sanction of CPA

Posted on August 5, 2010 by The Webmaster

Auditors sanctioned by the PCAOB may appeal their sanction to the Securities and Exchange Commission. Today, the SEC decided the first such sanction – and upheld the PCAOB. As a result, Florida auditor James Gately has been banned for life … Continue reading →

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DANK SOX and FSOC

Posted on July 16, 2010 by The Webmaster

While the nano-cap world eagerly watched Washington’s latest financial regulation bill to see if it would nix SOX’s pending plan to double audit costs (it did), David Feldman over at the Reverse Merger blog kept his eye on an even … Continue reading →

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Small Companies Move Closer to SOX 404(b) Reprieve

Posted on June 18, 2010 by The Webmaster

Big news from Washington: it appears that small companies are going to become exempt from SOX 404(b). Section 404(b) of Sarbanes Oxley would require the typically lone officer-director of a start-up or shell company to create a system of internal … Continue reading →

Posted in Business Environment, Government, Internal Control | 1 Comment

PCAOB and SOX in the Crosshairs

Posted on June 17, 2010 by The Webmaster

The United States Supreme Court is expected to hand down its ruling any day now in a case that could wipe out the Sarbannes Oxley business regulation legislation of 2002. TechJournal South posted this comprehensive roundup article this week.

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New Investor Protection Raises Audit Costs

Posted on January 15, 2010 by The Webmaster

The Securities and Exchange Commission today approved a new requirement that makes outside auditing costs for companies in the public capital arena more expensive. The government hopes the change will reduce errors in the financial statements that investors use to … Continue reading →

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