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Tag: Internal Controls

Swiss Army knife as multi-use tool

SEC Uses ‘Swiss Army’ Statute in $25 Million Fine for Violations on Stock Buybacks

Swiss Army knife as multi-use tool

Companies that alter their trading plans outside guidelines authorized by their boards should beware of the risk of heightened regulatory scrutiny from the Securities and Exchange Commission. The agency on November 14 announced that Charter...

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Dome of the U.S. Capitol building, where Sarbanes Oxley was drafted

Intelligize Data: Large Filers Struggling with Internal Controls After Going Public

Dome of the U.S. Capitol building, where Sarbanes Oxley was drafted

It has been more than 20 years since Congress passed the Sarbanes-Oxley Act in response to a rash of turn-of-the-century accounting scandals. But unlike those choker necklaces and Nickelback CDs you’re holding onto from the era, SOX remains...

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truckload

Buybacks Beware: SEC Settlement Sends Message About Internal Controls

truckload

Public corporations are spending upwards of a trillion dollars annually on stock buybacks, sending capital back to shareholders by the truckload. However, in a year already fraught with perils for U.S. companies that would like to buy back...

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Five Key Considerations for Audit Committees During the Pandemic

Five Key Considerations for Audit Committees During the Pandemic

Five Key Considerations for Audit Committees During the Pandemic

The pandemic has everyone rethinking how they do things, whether it be personal greetings, grocery shopping, organized sports—or, in the case of audit committees, financial oversight. In January, we examined five items that the SEC wanted o...

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