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Eighty percent of investors have confidence in the audited financial information provided by public companies, according to a survey of investor sentiment. A national survey of 1,001 investors conducted by Glover Park Group for the Center for Audit Quality explored opinions about the Sarbanes-Oxley Act, the strength of the U.S. capital markets and the impact of SOX on investor confidence.

The majority of investors (56%) said SOX was a good idea; 5% said it was a bad idea; and 30% said SOX made no difference.

Other findings included:

n 62% of those surveyed said rules mandated by SOX should be left fundamentally as they are, and two-thirds would be concerned by any easing of the rules.

n 79% said the requirement to establish independent audit committees has been effective.

n 76% said external auditors' reporting to independent board-based audit committees has had a positive impact.

n 76% said the requirement for companies to evaluate and disclose their internal controls and for external auditors to attest such disclosures has been positive. The survey and a summary of its findings are available at




Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.