September 1, 2009
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BY
MARK S. BEASLEY, CPA, PH.D., BRUCE C. BRANSON, PH.D. and BONNIE V. HANCOCK, M.S.
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Article
As the result of fallout from the ongoing economic crisis, failures associated with existing risk management processes are already generating calls for reform and increased regulatory scrutiny. SEC Chairman Mary Schapiro said in an April 2009 speech to the Council of Institutional Investors that “the Commission will be considering whether greater disclosure is needed about how a company—and the company’s board in particular—manages risks, both generally and in the context of setting compensation.” In July 2009, the SEC issued its first response through proposed rules that expand proxy disclosure information about the overall impact of
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September 1, 2009
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BY
STEVE ARNOLD, CPA
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Article
Conversion to IFRS will be far more than a technical accounting exercise. Implementing IFRS will impact many, if not all, aspects of your business operations, including information technology. It may bring companywide changes that will spawn new risks. These include system changes, modifications to processes impacting employees’ day-to-day duties, and new accounting policies.
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June 1, 2008
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BY
Tamara Bekefi, Marc J. Epstein and Kristi Yuthas
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Article
Authors’ Note This article is based on Managing Opportunities and Risks , a Management Accounting Guideline written by Tamara Bekefi, Marc J. Epstein and Kristi Yuthas and published by the AICPA, the Society of Management Accountants of Canada and the Chartered Institute of Management Accountants. AICPA members can download all Management Accounting Guidelines here for free.
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January 1, 2008
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BY
Bruce Sussman
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Article
EXECUTIVE SUMMARY Becoming familiar with the Payment Card Industry Data Security Standard is a prerequisite to understanding the regulatory environment in which many businesses that accept credit and debit cards operate. PCI dovetails with a CPA’s core competencies in attest work, risk management, internal audit support and fraud prevention.
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June 1, 2007
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Article
The percentage of financial institutions with a chief risk officer on staff. Another 8% plan to add this position. Source: Deloitte & Touche USA LLP’s Accelerating Risk Management Practices , www.deloitte.com .
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