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Compliance Issues & AnswersACE Offers Guidance on Conflicts of Interest in Higher Education Washington — The American Council on Education has released a working paper meant to provide guidance to college administrators on conflict-of-interest issues. The paper outlines the kinds of policies that higher-education institutions should have in place, along with situations that administrators should consider under conflict-of-interest policies, such as when a college official can accept a gift or own stock in a company. The paper also covers conflicts of interest that institutions might face in research or commercial deals, such as when a vendor offers a gift to an institution. The paper is available by clicking here New Rules For Federal Contractors If You Work with the Federal Government New Compliance And Ethics Rule Effective December 24, 2008.
SCCE Recorded Audio Conference The Importance of Board Oversight of a Company's
Compliance Program: The Implication of Stone v. Ritter . Article written by Rebecca Walker, partner law firm Kaplan & Walker LLP, published in Compliance & Ethics magazine April, 2007. The Implications of Stone v. Ritter Ethics Rule Proposed For Federal Contractors For more info click here How can the CEO make the difference? Too many companies have made the headlines because of illegal and unethical conduct. The cost to a company in terms of fines, penalties, reputation and lost business can be staggering. The individual costs to those involved can be shattering. We hear much about the need for the right tone at the top, but what does this mean in practical terms? The following is just one list of ideas for executives to consider. A creative executive, working with his or her compliance and ethics professional, can probably come up with many more, but this is offered as a pump primer to get the ideas flowing: click here for more. Building Incentives In Your Compliance & Ethics
Program This is a discussion draft of a white paper offered by the Society of Corporate Compliance & Ethics. This paper is offered publicly as an aid to the profession. Click here to download the paper. An appendix of useful materials and practice tools is available in the members-only section of the Web site. Click here to download the members-only version (you may be asked to log in). We invite comments, questions and additions to this project. Forms
and examples can be included for attribution or with identification
removed, as preferred by the submitter. Contributors will be
acknowledged in the credits. Breaking News: PCAOB Proposes Guidance to Reduce SOX 404 Compliance Costs December 20, 2006 The Public Company Accounting Oversight Board (PCAOB), in an effort to reduce the cost of compliance with Sarbanes-Oxley Section 404, made public Release No. 2006-007. The new guidance, which is being referred to as AS5, proposes changes to existing external auditing standards (AS2) as they apply to Section 404 compliance. The proposed guidance is in response to the concerns raised over the costs of complying with Section 404. The PCAOB will finalize AS5 after a 70-day public comment period ending on February 26, 2007. The proposed rules along with the recent SEC announcement regarding the formal adoption of compliance dates for small-cap companies (under $75 million market cap), signals the SEC and PCAOB's intent to maintain Section 404 requirements, but at the same time reduce the costs associated with compliance efforts at public companies. Under the proposed guidance, greater emphasis will be placed on external auditors to take materiality, risk, and company size into account. In addition, AS5 attempts to reduce the number of redundant activities currently required under AS2 and provide greater flexibility to accept the work of others and company management in assessments of internal controls, including the design of a company's internal controls. In many cases, the test of design can be approximately 25% of management's effort to comply. With this change, auditors are permitted to rely on that work if it is done independently and with competence. With the new guidance, the PCAOB believes that compliance costs can be controlled while remaining true to the intentions of the Sarbanes Oxley Act of 2002. New Survey Shows that Employees Don't Understand Perils of
Computer Use at Work United States vs. Caputo Settlement Agreement in Mellon Bank Case California Law Mandates Sexual Harassment Training U.S. Court of Appeals Rules on SOX Protection for Foreign
Citizens Notes from Compliance & Ethics 202 California Pharmaceutical Legislation OIG HHS Compliance Program Guidance
Click here to download a summary on the Sarbanes-Oxley Act of 2002. Download Optimising the Role of Internal Audit in the Sarbanes-Oxley Era. More Resources Personnel Evaluation Form: Coverage of Ethics and Compliance (Word Doc) Securities and Exchange Commission EDGAR Database CORPORATE RESPONSIBILITY AND CORPORATE COMPLIANCE: Sarbanes-Oxley - Frequently Asked Questions Guidebook
Regarding Section 404 - Internal Controls (PDF 1mb) Download the HCCA Sarbanes Oxley Member Survey (PPT 6mb) PCAOB - Public Company Accounting Oversight Board WSJ Accounting Board Releases Guidance for Sarbanes-Oxley PCAOB Auditing Standard, May 16, 2005 Auditing Internal Control Over Financial Reporting, January 21, 2005 Auditing Internal Control Over Financial Reporting, November 22, 2004 Auditing Internal Control Over Financial Reporting, October 6, 2004 Auditing Internal Control Over Financial Reporting, July 27, 2004 Auditing Internal Control Over Financial Reporting, May 16 2004 Conference on Moral Imagination Compliance Programs as a Framework for Preventing and Detecting Employee Misconduct (PPT Presentation 149K) Vickie L. McCormick Increasing Firm Value Through Detection and Prevention
of White Collar Crime Karen Schnatterly Increasing Firm Value Through Detection and Prevention
of White Collar Crime Karen Schnatterly |
Summary of Sarbanes-Oxley Act of
2002