Issues and Impact of Sarbanes-Oxley

In order to better understand the issues and impact of Sarbanes-Oxley, it is critical to understand the reasons for its implementation. Elaborate, complex fraudulent accounting scandals of the late 90s and early 21st century have a direct correlation to poorly implemented and enforced internal controls. Since the enactment of the Sarbanes-Oxley legislation, companies have had to be even more cognizant of their controls in order to provide the necessary assurances that both their internal and external outputs (e.g. financial statements) to stakeholders are accurate and reliable.
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CORRECTING AND REPLACING — Territorial Bancorp Inc. Announces Fourth Quarter and 2010 Year End Results

CORRECTING AND REPLACING — Territorial Bancorp Inc. Announces Fourth Quarter and 2010 Year End Results
HONOLULU — In a press release with the same headline issued earlier today by Territorial Bancorp Inc., , multiple figures were missing or incorrect in the Balance Sheets table. The full, corrected version follows.
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Territorial Bancorp Inc. Announces Fourth Quarter and 2010 Year End Results
HONOLULU — Territorial Bancorp Inc., , headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced net income of $ 3.2 million or $ 0.28 per share, for the three months ended December 31, 2010, compared to $ 3.0 million for the three months ended December 31, 2009 or $ 0.27 per share.
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For Once, an Audit That Could Earn Your Company Millions More in Revenue
In addition to providing user auditors a common vehicle to gain an understanding of your control environment, SSAE 16 reports have become a credible tool to help your company create a competitive advantage in your industry. SSAE 16 Professionals is on the bleeding edge of this new standard.
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Cybercrimes & Corporate Liability: An Alert for the Corporation

First, there was the crash of Worldtron and Enron in the United States which should have put local corporate managers and representatives on alert particularly as it relates to the passage of Sarbanes Oxley (Sox) with its stringent information security requirements around financial records. Then there was the Companies Act of Jamaica in 2004 which increased corporate liability and responsibility for officers and directors.
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Bob Watson Joins AvMed Health Plans as Vice President of Finance

Bob Watson Joins AvMed Health Plans as Vice President of Finance
MIAMI, Feb. 3, 2011 /PRNewswire/ — AvMed Health Plans today announced Bob Watson as the company’s new Vice President of Finance. In his new role, Watson will also oversee the Finance Department of SantaFe HealthCare, AvMed’s parent company. “After an extensive national search, we’re thrilled to welcome Bob to AvMed’s leadership team,” said Ed Hannum, AvMed’s President and COO. “With more than …
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MoneyGram International Reports Fourth Quarter, Full-Year 2010 Financial Results
MoneyGram International, Inc. , a leading global payment services company, today reported financial results for the fourth quarter and full-year 2010.
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Detecting Abnormal Technology Systems Behavior

With hundreds and thousands of automated systems producing log data, an organization’s ability to respond to
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