SOX Life: Living with Sarbanes-Oxley

Knowledge Management and Corporate Governance

noreply@blogger.com (Toby Lucich) — Tue, 22 Apr 2008 12:52:40 PDT

Knowledge Management (KM) is more than a buzz phrase running through organizations, so if you were hoping this discussion was going to abruptly end, think again.With so many organizations facing...

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Reader Question - Understanding & Evaluating Segregation of Duties

noreply@blogger.com (Toby Lucich) — Thu, 17 Apr 2008 18:08:53 PDT

I appreciate when readers share their challenges in applying issues and concepts, as invariably there are an additional dozen people also struggling with this same topic.One professional writes:I am...

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SEC's SOX for Small Business Reference

noreply@blogger.com (Toby Lucich) — Thu, 10 Apr 2008 13:35:53 PDT

Dreading your pending SOX initiative? Or the thoughts of IPO? Or how you might refine your implementation?Hopefully, "Sarbanes-Oxley Section 404A Guide for Small Business" from the SEC takes some of...

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Risk-Based SOX Implementation - Deloitte Gets Succinct on SOX

noreply@blogger.com (Toby Lucich) — Wed, 06 Feb 2008 11:39:57 PST

For so many companies, internal discussions have largely gotten past SOX compliance to a point of business as usual.What I do appreciate however, is that good, clear guidance continues to be...

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Tides of Change - Retooling of Accounting Standards

noreply@blogger.com (Toby Lucich) — Wed, 16 Jan 2008 14:14:08 PST

The Global Public Policy Symposium IV was recently held in NY, with representation and discussion among the top international auditing firms.With the ongoing discussion around more principle-based...

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Segregation of Duties - Part II

noreply@blogger.com (Toby Lucich) — Sat, 19 May 2007 08:35:28 PDT

From Free IT Solutions, a few links to conflicts of interest as described for SAP (but useful in their generic sense regardless of underlying system):List One of Activity ConflictsList Two of...

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Explaining Segregation of Duties

noreply@blogger.com (Toby Lucich) — Sat, 19 May 2007 08:24:30 PDT

As a controls professional, I'm sensitive to any employee that has too much on their plate, and have to consider if proper Segregation of Duties are in place. They get burned out. They get tired....

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Where do You find Talent? New Inside Sarbanes Oxley Job Board

noreply@blogger.com (Toby Lucich) — Wed, 16 May 2007 22:36:37 PDT

One of the things that I've not been quite satisfied with has been our jobs board these last few, uh, years. Originally new jobs were posted via the discussion board, and many folks had a hard time...

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How Little Is Enough?

noreply@blogger.com (Toby Lucich) — Fri, 09 Mar 2007 16:28:18 PST

Would you ever just walk straight into an Iron Man Triathlon? No experience, no training, no prep, not even having proper equipment? No verification of your overall health with your physician?...

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SOX Work spurs Professional Passion - "More than a Living"

noreply@blogger.com (Toby Lucich) — Fri, 09 Mar 2007 08:27:27 PST

In my risk and control work - both inside companies and more recently as a consultant - I continue to be challenged by personnel that are idling in place. No interest in moving up, no interest in...

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Investor Valuation of Governance

noreply@blogger.com (Toby Lucich) — Fri, 09 Mar 2007 07:50:31 PST

Dan Swanson's listserv recently passed a link to the ICAEW, providing discussion on "what is governance?" and "why is it important?"Most notably in this piece, this McKinsey quote struck me:There is...

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Going Once, Going Twice...

noreply@blogger.com (Toby Lucich) — Tue, 27 Feb 2007 07:44:21 PST

I really hope you aren't still complaining about the gyrations AS2 causes.While it has been the law of the Sarbanes Oxley landscape for the last several years, the last two months have given all SOX...

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Help Wanted: A Call for Peer Network

noreply@blogger.com (Toby Lucich) — Tue, 06 Feb 2007 23:33:12 PST

As a consultant interested in participating in challenging projects while working with great people, it seems that, as independents, we have the contacts or the opportunities, but not always the...

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SEC Votes to Propose Interpretive Guidance for Management to Improve Sarbanes-Oxley 404 Implementation

noreply@blogger.com (Toby Lucich) — Mon, 18 Dec 2006 08:02:21 PST

The Securities and Exchange Commission today voted to propose for public comment interpretive guidance for managements regarding their evaluations of internal control over financial reporting. The...

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All Atwitter over Upcoming Changes

noreply@blogger.com (Toby Lucich) — Wed, 22 Nov 2006 09:34:18 PST

I'm a nut for changes. I've yet to encounter a process, product, or professional that couldn't benefit from reflection and additional refinement to how goals are achieved. I think many are eagerly...

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Who Cares about Fraud, Anyway?

noreply@blogger.com (Toby Lucich) — Fri, 10 Nov 2006 14:07:50 PST

A listserv I subscribe to recently sent this question across my email:Who cares about fraud anyway if the shrinkage is still reported in the financial statements?I recently had an external auditor...

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Election Fallout

noreply@blogger.com (Toby Lucich) — Wed, 08 Nov 2006 11:41:11 PST

Whew.I've been digging about a bit for details on teh implications for SOX now that the Dems have the House, and maybe even the Senate (some are repeats from past weeks, but I resubmit them...

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What is Driving your CFO Agenda?

noreply@blogger.com (Toby Lucich) — Sun, 05 Nov 2006 18:43:45 PST

Old news for some, but I just came across a Mercer Consulting article "How CFOs Are Managing Changes in Roles and Expectations" (Feb 2006). Not a surprise for many I'm guessing, but a nice validation...

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You want to see Float? Consider accelerating your adoption of XBRL

noreply@blogger.com (Toby Lucich) — Tue, 10 Oct 2006 10:53:31 PDT

If cash is king to keeping the doors opne, transparency is the crown prince of addressing investor fears.