conflicts of interest news from FierceComplianceIT

Pre-Sarbanes-Oxley, there was a lot of consternation about the many conflicts of interest posed by audit firms that also performed a lot of nonaudit work for the same client. The law, which prevented... Read more...

As if Bank of America's Ken Lewis didn't have enough to worry about. The Triangle Business Journal reports that in November 2007, Lewis sold his 2007 Porsche 911 turbo coupe, purchased a year... Read more...

Recall that Sarbanes-Oxley prohibited an audit firm from providing both internal audit work and external audit work to the same client. The conflicts of interest were obvious. Many also agreed with... Read more...

Compensation issues aren't strictly in-scope from a Sarbanes-Oxley perspective, except perhaps when it comes to backdating of options. Of course, if the auditor were retained to give compensation... Read more...

We recently suggested it would be a good idea for firms to get rid of all potential conflicts of interest in... Read more...

> Conrad Black gets 6 1/2 years. Article> Survey: Nonprofits embrace Sarbanes Oxley. Read more...

Business Week Online notes that the accounting industry has embraced consulting all over again. The poster child for this movement is Deloitte & Touche, which resisted the trend a few... Read more...

Did you have some attorneys on your board who resigned after Sarbanes-Oxley passed? If you want him or her back, now might be a good time to ask. The trend seems to be reversing. After the law was... Read more...

We've discussed before the reporting chain that governs internal audit resources, which often ends up with deliverables ordered by the audit committee as well as the CFO. The reporting lines may... Read more...

There's still a lot of anger about the still-unfolding stock options grant date scandals floating around. And where there's anger, there are likely to be scapegoats. In that spirit, consider... Read more...