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Opinions and views from expert CFOZone members.

Tag >> control
Nov 17
2010

Managing the perils of hoarding excess cash

Posted by dbedell in Financecorporate governancecontrolCFO, cash management, CashAFP

dbedell

A recent piece of research by academics Nils Backhaus and Luc Soenen looking at how to determine if a company is holding excess cash and what the impact is of that, which appears here on AFPOnline, made a very good case for some of the potential pitfalls that companies face when retaining extra cash.

Given the tremendous focus by much of the US business sector on stockpiling cash in recent years, understanding not just the benefits, but also the issues that could arise as a result, is an important exercise that should help finance execs to ensure that cash is put to best use.

Jun 30
2010

Why the spirit of SarbOx will survive continued attack

Posted by dbedell in SarbOxSarbanes-OxleyRiskPCAOBinternal controlsinternal auditIn compliancecontrol

dbedell

With the Supreme Court ruling to uphold most of SarbOx, and compliance costs decreasing, policymakers and their opponents continue to fight over the relative value of the legislation that first came into effect in 2002. But it may be a non-issue. Even as opponents of SarbOx continued to push for it to be overturned in the run-up to the Supreme Court ruling, it had already become an expected and integral part of the corporate internal audit process.

One lawyer who spoke with CFOZone before the ruling was announced noted that no client has asked him how they could backtrack on controls and other compliance requirements if SarbOx was overturned. Investors now expect that companies will be SarbOx compliant, and in the current environment of compliance conservatism, even if companies could reduce their internal audit requirements under SarbOx, few if any would.



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