News

Corporations that embraced Sarbanes-Oxley goals from the start by automating financial reporting and encouraging business-wide cultures of compliance have eliminated material weaknesses and slashed costs more quickly than other companies.

A majority of U.S. investors support the Sarbanes-Oxley Act and believe that the tightened rules mandated by SOX shouldn't be eased, according to a nationwide survey of 1,001 investors conducted for the Center for Audit Quality (CAQ).

As expected, the U.S. Securities and Exchange Commission (SEC) voted unanimously July 25 to approve the proposed Public Company Accounting Oversight Board (PCAOB) Auditing Standard 5 (AS5).

CFOs are cutting back on expectations for capital spending, hiring and prices, according to a survey of CFOs by Financial Executives International (FEI) and Baruch College's Zicklin School of Business.

When it comes to talking about risk, U.S. and U.K. risk managers speak a different language, according to London-based insurance broker Miller Insurance Services Ltd.

CFOs and controllers are feeling mighty happy with their jobs, according to a recent survey of 2,149 executives in a variety of professions by ExecuNet, an executive career recruiting and business network.