Material Weaknesses and Whistleblowers Are Two of Today’s Hottest Topics

The Current Issue of Goldstein Lewin & Co.’s SOX Report Addresses Critical Corporate Governance Issues.

Boca Raton, FL (PRWEB) March 27, 2006 -– The rise and fall of Enron vividly illustrates two of the most critical challenges facing public companies as a result of the Sarbanes-Oxley Act of 2002 (SOX) – the development and implementation of effective internal controls and the role of whistleblowers in today’s corporate environment. These and other significant corporate governance considerations are addressed in the most recent issue of The SOX Report, which is now available online at http://www.goldsteinlewin.com/soxwinter2006.pdf.

The SOX Report is a free quarterly newsletter with “must read” articles for public corporations, private companies, not-for-profit organizations, attorneys, accountants, and others who are or who may be impacted by the Sarbanes-Oxley Act. Additional articles in this issue include a prediction that second-year SOX costs will decrease and a discussion of the emerging role of Boards of Directors in the post-SOX regulatory environment.

According to Paul Feuerberg, CPA, Audit Partner with Goldstein Lewin, “Identifying and correcting material weaknesses are among the most complex requirements of the Sarbanes-Oxley Act. While it may seem that corporate material weaknesses have mushroomed in the past few years, the reality is that public companies and their auditors are more diligently searching for and reporting these lapses in internal controls.”

Mr. Feuerberg, who is licensed to practice in the states of Florida and New York, has 35 years of experience including 25 as an Audit Partner. He provides audit services to public, private, and non-profit entities and has extensive experience in SEC offerings and reporting as well as for other regulatory filings. He was a recipient of the 2005 Excellence in Accounting Awards.

Goldstein Lewin is listed in Florida Trend Magazine as one of the 25 largest accounting firms in the state of Florida. It offers a comprehensive range of accounting and business consulting services including corporate governance issues, cost segregation studies, eldercare management, accounting and auditing including SEC compliance; tax services; technology consulting; wealth preservation and estate planning; business valuation; financial planning, employee benefits programs and litigation consulting. The company was recently designated one of the Best Places to Work in South Florida.

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Calling all whistleblowers from Sox First on Mar 29, 2006

With material weakness and whistleblowers identified as the two key issues in the post-Sarbanes-Oxley world, it's interesting to read this report in Inc.com about how some companies are using software and setting up call centres that encourage insiders to...

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