Word: watchdogs
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...change in the relationship is largely because of Sarbanes-Oxley, known in the trade as Sox or Sarbox. The 2002 law stiffens accountants' spines in part because it places them under a new federal watchdog agency that will soon start spot-checking their work. That agency, the Public Company Accounting Oversight Board, also has an industry moniker--Peek-a-Boo--and recently issued a stricter set of rules detailing how auditors should evaluate internal controls. Companies must test these controls regularly, and such tests must be conducted by a firm different from the company's outside auditor, to avoid conflicts...
...creator—the Student-Alumni Committee on Institutional Security Policy (StalCommPol), which is unaffiliated with the University—has served as a controversial watchdog group of the Harvard University Police Department (HUPD) since its founding in October...
...INDICATORS Reading The Fine Print Japan 's competition watchdog raided Microsoft's Tokyo offices on suspicion that it set unfair conditions when granting software licenses to Japanese computer makers. Microsoft denied the charge, but deleted the provision from future contracts...
Should pharmaceutical companies be allowed to overcharge Americans for drugs developed with taxpayer dollars? That’s the question recently put to the Bush Administration by Essential Medicines, a Washington watchdog organization...
...among others, keeps prices down by exploiting workers in Third World countries. Like other multinational groups that came under fire in the '90s, the company in 1997 instituted a code of conduct, which all suppliers must sign, and maintains inspectors in countries where its products are made. Still, watchdog groups continue to cite problems, including excessive overtime and lax health-and-safety regulations. Says Carl-Henric Enhorning, director of H&M investor relations: "We believe the best way to have a positive impact in developing markets is to be there and to be buying so that they have money...