Will the new reporting requirements enhance investor confidence?
Without a doubt, the Sarbanes-Oxley Act is the single most important piece of legislation affecting corporate governance, financial disclosure and the practice of public accounting since the US securities laws of the early 1930s. And, it is clear that public companies and the accounting profession have made tremendous progress in meeting the rigorous requirements of this legislation.
The following collection of content aims to give you a deeper understanding of this monumental legislation, and its impact on public companies. Here you will find the text of the law and the supporting SEC regulations; our firm's comments on both; PwC white papers and webcasts; as well as timely analysis and commentary.
Better, faster and more efficient: Shared perspectives - August 2007
This publication summarizes of the discussions from PwC's recent Utility Industry forums on Sarbanes-Oxley Section 404 compliance best practices. More than a hundred executives representing 47 utility companies engaged in a series of open-forum discussions to explore ideas and opportunities that could make compliance with Section 404 of Sarbanes-Oxley “better, faster and more efficient.
Private companies reaping the benefits of Sarbanes-Oxley - March 2007
This article details how following regulations related to Sarbanes-Oxley can heighten stakeholder credibility, improve operational performance and can decrease litigation risk.
FS briefing programme - March 2007
This briefing, the 15th report in the PricewaterhouseCoopers Global Financial Services Briefing Programme, examines risk management issues within the financial services industry.
How to move your company to sustainable Sarbanes-Oxley compliance—from project to process - July 2006
These guidelines provide an effective path for companies to follow as they seek to achieve sustainable compliance—a transition they should begin without delay.
2006 state of the internal audit profession study: Continuous auditing gains momentum - June 2006
PricewaterhouseCoopers' study from the first quarter of 2006 includes findings from over 400 audit executives surveyed and builds upon the results of the 2005 study.
Sustainable from the start - May 2006
Sarbanes-Oxley 404 implementation by oil & gas and utility foreign private issuers.
Internal controls readiness: Why you need to act today - April 2006
Auditing has become more of a regulated industry after the enactment of the Sarbanes-Oxley Act of 2002 (Sarbanes). Organizations have greater financial reporting and control responsibilities, and stakeholders expect auditors to hold their audit clients to a higher standard of accountability for financial reporting and compliance controls as well as operating and financial reporting transparency.
Current developments for audit committees - March 2006
PricewaterhouseCoopers' annual update informs audit committee members of current business and regulatory developments affecting their responsibilities. Of particular interest in 2006 are, landmark court decisions, 404 and efforts to achieve sustainable compliance, SEC areas of focus and new financial reporting pronouncements.
Compliance and technology: A special report on process improvement and automation in the age of Sarbanes-Oxley - March 2006
CFO Research Services, in collaboration with PricewaterhouseCoopers and Virsa Systems, launched a research program to explore the role of automation in companies’ efforts to comply with the Sarbanes-Oxley. In particular, we sought to uncover and identify how companies seek to enhance their processes and systems now that the first phase of compliance is drawing to a close.
How does COSO's new enterprise risk management framework relate to Sarbanes-Oxley reporting? - March 2006
The Committee of Sponsoring Organizations of the Treadway Commission has released their Enterprise Risk Management—Integrated Framework, authored by PricewaterhouseCoopers. This principles-based framework provides direction and criteria for improving an organization's ability to manage risk. The following questions and answers address how an organization might view the enterprise risk management framework in the context of their Sarbanes-Oxley 404 compliance process.
AntiFraud white paper: The emerging role of internal audit in mitigating fraud and reputation risks - February 2006
Significant legal, regulatory and standards-setting actions are combining to pressure all players in the financial-reporting process to step up their efforts to combat corporate fraud and misconduct.
