The Accounting Experience

4: The Sarbanes–Oxley Act of 2002 - Deep dive - effects on the marketplace

18 min · 23 de dic de 2020
Portada del episodio 4: The Sarbanes–Oxley Act of 2002 - Deep dive - effects on the marketplace

Descripción

I take a look into SOX and how has it effected the current marketplace. I will be looking through an article published at Ernst & Young website. Feel free to contact me on https://www.linkedin.com/in/naveed-hassan-035a7a153 Reference The Sarbanes-Oxley Act at 15: what has changed? Bridget Neill & Shauna Steele https://www.ey.com/en_us/public-policy/the-sarbanes-oxley-act-at-15-what-has-changed Lessons learned from a multibillion-dollar fraud Hosted by Neil Amato https://www.journalofaccountancy.com/podcast/healthsouth-fraud-lessons-learned.html

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5 episodios

episode 5: SOX compliance survey 2020 artwork

5: SOX compliance survey 2020

This year’s SOX Survey was done in the first quarter of 2020, before the full scope and impact of the COVID-19 pandemic was realised. However, it is still very relevant since, results largely reflect SOX programs and work performed in fiscal year 2019. More than 700 respondents from publicly held organisations participated in Protiviti’s 2020 Sarbanes-Oxley Compliance Survey. Therefore, we can get a great insight of what are the public companies' opinions are on some matters of sox. Please feel free to contact me if you have any questions. Reference: Protiviti SOX COMPLIANCE AMID A NEW BUSINESS EQUILIBRIUM https://www.protiviti.com/sites/default/files/2020-sox-survey-protiviti.pdf PCAOB Changes in Use of Data and Technology in the Conduct of Audits https://pcaobus.org/oversight/standards/research-standard-setting-projects/changes-use-data-technology-conduct-audits PCAOB CONSIDERATIONS FOR AUDITS OF INTERNAL CONTROL OVER FINANCIAL REPORTING https://pcaobus.org/Standards/QandA/10-24-2013_SAPA_11.pdf AICPA SOC for Service Organizations: Information for Service Organizations https://www.aicpa.org/interestareas/frc/assuranceadvisoryservices/serviceorganization-smanagement.html

30 de dic de 202010 min
episode 3: Enron Accounting Scandal from beginning to end artwork

3: Enron Accounting Scandal from beginning to end

On this episode, I talk about the rise and fall of Enron, how it happened and a deep dive into the accounting scandal and will be going through Journal of Accountancy article issued at 2002 by C. William Thomas. Enron background Information from Wikipedia. Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded in 1985 as a merger between Houston Natural Gas and InterNorth, both relatively small regional companies. Before its bankruptcy on December 3, 2001, Enron employed approximately 29,000 staff and was a major electricity, natural gas, communications and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years.  Reference; The Rise and Fall of Enron When a company looks too good to be true, it usually is. BY C. WILLIAM THOMAS https://www.journalofaccountancy.com/issues/2002/apr/theriseandfallofenron.html Rank And Fire By John Greenwald http://content.time.com/time/business/article/0,8599,129988,00.html Timelapse https://edition.cnn.com/2013/07/02/us/enron-fast-facts/index.html

17 de dic de 202038 min