Financial Reporting Alert: NASDAQ proposes internal audit function requirement

RGP-Logo-for-blog-postThe policyIQ team wants to pass along an important Financial Reporting Alert brought to you by our RGP Finance and Accounting Practice.

Here is a summary highlighting the NASDAQ’s recent proposed rule change to require all NASDAQ-listed companies to establish and maintain an internal audit function.  The proposal would require compliance for companies currently listed by December 31, 2013, while companies not yet listed would need to comply prior to listing.  Currently, the New York Stock Exchange (NYSE) requires companies to have an internal audit function, but until now, the NASDAQ has considered it just a best practice.

For companies potentially impacted by this proposed rule, RGP is ready to assist you in a variety of ways, including: helping you start up a new internal audit function or completely outsourcing the function, providing experienced internal audit consultants under a co-sourcing arrangement, or conducting a search for internal audit talent for newly created internal roles, including chief audit executives.

Keep in mind that policyIQ can make quick work of organizing and bringing automation to an internal audit function. Automate your audit processes, have powerful reporting at your fingertips and save time and money on external audits by implementing policyIQ. Nimble, highly customizable and very easy to set up—we can have you up and running in a matter of weeks rather than over several months, as many of the heavy, clunky and expensive systems require.

To learn more, please contact us and we’ll connect you with one of our RGP colleagues in your area.


This entry was posted in Industry News and tagged , , by Stephenie Buehrle. Bookmark the permalink.

About Stephenie Buehrle

Stephenie is the “solutions” expert on the policyIQ team. With RGP since 2004, she designs and develops solutions that capitalize on the best practices of the hundreds of companies that she has touched, while tailoring each configuration to meet the unique needs of each client. Before joining RGP and the policyIQ team, Stephenie enjoyed working as an independent consultant in the non-profit sector. Stephenie also previously performed analyst services for a major brewer ranging from roles in biological and chemical services to analytical roles in business process improvement and innovation. Stephenie quips that she still doesn’t know what she wants to be when she grows up, but hopes to spend her days helping others (companies, individuals, and communities) to realize their full potential.

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