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 Guidance
for Smaller Public Companies Reporting on Internal Controls
Since
the passage of the Sarbanes-Oxley Act of 2002 (SOX), there
has been an increased focus on the control environment over
financial reporting. SOX section 404 requires management
to evaluate internal controls over financial reporting and
report on their effectiveness.
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Stabilizing the Estate Tax
Difficult
as it may seem to believe, the federal estate tax has a
long, consistent history in this country. The tax, imposed
on the estates of high-net-worth taxpayers after death,
has been around since 1916, and, with the exception of rate
adjustments and periodic increases in the amount exempt
from the tax, its principle has remained essentially unchanged.
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Story
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 Perceived
Flaws in Sarbanes-Oxley Implementation
Discontent
with the implementation of the Sarbanes-Oxley Act of 2002
(SOX) by the Public Company Accounting Oversight Board (PCAOB)
continues. Both the SEC and the PCAOB recognized that serious
problems persist when they held a second roundtable on May
10, 2006.
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