Laurie Scofield


Articles:

  • Saturday, September 1, 2007
    Earlier this year, the Securities and Exchange Commission (SEC) released guidance specifically for management on conducting an assessment of internal controls over financial reporting. However, the requirements for the external auditor under Public Company Accounting Oversight Board's Auditing Standard #5, An Audit of Internal Control Over Financial...
  • Tuesday, May 1, 2007
    On August 9, the Securities and Exchange Commission (SEC) issued proposed final rules and dates on Sarbanes-Oxley (SOX) requirements for smaller public companies. Relief from existing SOX requirements was not proposed. Regardless of regulatory uncertainty, however, all public companies can benefit from ensuring accurate financial reporting, maintaining...
  • Thursday, March 1, 2007
    Editor: Why is the control environment so important to an effective compliance system? Scofield: The COSO* model has the control environment as the foundation for any successful compliance system. Having built a strong system for compliance on the control environment, then everyone within the organization knows what is important and understands its...
  • Friday, December 1, 2006
    Editor: Please tell our readers about your professional background. Scofield: I began my career working on traditional audit and tax matters at a small firm in New Jersey. After 10 years I moved to a firm in New York and focused on technology integration with an emphasis on process improvement. The firm was ultimately acquired by American Express Tax...