SEC regulatory compliance & reporting

TOPICS / ACCOUNTING & REPORTING

June 1, 2007

ROI on XBRL

EXECUTIVE SUMMARY The reality of XBRL has grown exponentially over the past two years, in large part due to the SEC’s focus and encouragement. With the time, money and effort that Chairman Cox and the SEC have dedicated to this initiative, it appears highly likely that

June 1, 2007

Two Years and Counting

EXECUTIVE SUMMARY This article examines the first two years of section 404 reporting data to determine whether section 404 has accomplished its intended purpose and what small companies can learn from the experience of large companies that have implemented section 404 requirements. The number of companies reporting material weaknesses in

June 1, 2007

Financial Reporting

At an open meeting in April, the SEC endorsed the recommendations of the agency’s professional staff to eliminate waste and duplication in Sarbanes-Oxley section 404 compliance, a move intended to benefit smaller public companies. The SEC’s direction to its staff will focus on aligning the PCAOB’s new auditing standard (AS-5)