Prepare your company for the growing challenge.
A Wall Street Journal/Harris poll revealed that two thirds of investors express doubts in the ability of corporate boards of directors to provide effective oversight. In the shadow of recent global scandals involving businesses such as Parmalat and WorldCom, Manager's Guide to Compliance: Best Practices and Case Studies is essential reading for you, whether your organization is a major corporation or a small business.
This timely handbook places U.S. and global regulatory information, as well as critical compliance guidance, in an easy-to-access format and helps you make sense of all the complex issues connected with fraud and compliance.
""Wide perspectives and best practices combined deliver a punch that will knock your 'SOX' off! The author has blended together a critical mix necessary for effectively handling the requirements of SOX."" —Rob Nance, Publisher, AccountingWEB, Inc.
""Robust compliance and corporate governance is an absolute necessity in today's business environment. This new book by Anthony Tarantino is an authoritative guide to understanding and implementing compliance and regulatory requirements in the United States and around the world. From SOX to COSO to ERM, this book covers them all."" —Martin T. Biegelman, Certified Fraud Examiner, Fellow and Regent Emeritus of the Association of Certified Fraud Examiners, and coauthor of Executive Roadmap to Fraud Prevention and Internal Control: Creating a Culture of Compliance
""If compliance wasn't difficult enough, now companies are faced with a barrage of technology vendors claiming to automate compliance as if it were a project. In his new book, Dr. Tarantino paints the reality of the situation: companies need to embrace the broader tenets of governance and use technology to embed governance policies and controls into their daily business processes. Only then can they gain business value from their compliance investments."" —Chris Capdevila, CEO and cofounder, LogicalApps "
INTRODUCTION
Christopher Cox replaced William Donaldson as SEC Chairman in 2005. Since assuming his chairmanship, Cox has advocated a rethinking of regulations, arguing that they are overly complex and this complexity is partly to blame for the accounting scandals of the 1990s. Maybe the best evidence of this is the convoluted and confusing regulations and guidance around off-balance sheet (OBS) arrangements. This chapter will detail the current state of the U.S. regulations. It appears that the current regulations invite abuse and misunderstanding, and do not assure investors that Enron-type abuses are a thing of the past.
Section 401 of the Sarbanes-Oxley Act of 2002 requires the listing of off-balance sheet (OBS) arrangements, transactions, and obligations (in ... read full excerpt from Manager's Guide to Compliance: Sarbanes-Oxley, COSO, ERM, COBIT, IFRS, BASEL II, OMB A-123, ASX 10, OECD Principles, Turnbull Guidance, Best Practices ebook
