PCAOB's Niemeier: "There's Nothing New in Sarbanes-Oxley"

Finance Blogs

Scott Adams on Board Governance: From Financial Rounds
January 19, 2008 4:40 PM
Corporate governance survey conducted (Pakistan): From Inside Sarbanes Oxley
January 19, 2008 12:13 AM
Enron-driven reforms are unraveling: From Inside Sarbanes Oxley
January 19, 2008 12:06 AM
More...

The Finance Institute

Find webcasts, white papers, product demos/presentations, and the latest industry press releases at The Finance Institute.

Diverts

British Women Bolt for Aussie Blokes: With promises of plentiful sunshine, affordable homes, low crime, good jobs, and lots of single men, Southern Australia is luring Britain's highly skilled, young women to its shores. [more]
Dolphins With a Weight Problem: Dolphins at Kinosaki Marine World in western Japan are on a low fat diet after failing to jump as high as they had previously in their aquatic performances. [more]
Testosterone May Affect Financial Risk Decisions: Testosterone levels may influence men's willingness to make risky financial decisions, according to a new study. [more]
More Diverts

Business Purchasing

Business Finance has partnered with BuyerZone.com to make it easy for you to find advice and tools for your business purchases. BuyerZone's free Request for Quotes service quickly connects you with suppliers of over 150 product, service and equipment categories. They also have hundreds of articles full of purchasing advice and insider tips. Click here to review some of the most common purchases that face your business.

On Your Desktop

Add SearchFinance to your desktop using the Yahoo! Widget Engine:

Budgeting & Reporting Alerts

PCAOB's Niemeier: "There's Nothing New in Sarbanes-Oxley"

September 19, 2006 1:21 AM
From BusinessFinanceLink, Issue #348

WebCPA.com editor Alicia Korney has published a pair of short articles (If SOX Were a Tree and In Some Ways, SOX Inevitable) analyzing Public Company Accounting Oversight Board (PCAOB) member Charles Niemeier's speech at the New York State Society of CPAs' annual Sarbanes-Oxley conference last week. Niemeier took aim at the problems at the root of today's regulatory complexity, saying, "We need courage to improve the financial reporting model, but need to be thoughtful because we can't lessen the reliability of financial reporting for the sake of providing more information." The former chief accountant in the division of enforcement at the Securities and Exchange Commission (SEC) before joining the PCAOB in 2002, Niemeier also downplayed the idea that SOX compliance represents a radical change in reporting practices: "There's nothing new in Sarbanes-Oxley. All that's in there has been in securities law before. What's changed is that now there's a policeman."