Press Releases from George Lekatis Inc. (3 total)
Sarbanes Oxley and the Legal Risks for Companies
Sarbanes Oxley is not only the original Act of 2002, but also all the interpretations in the new (after Enron and World Com) legal and political context. There is no room to "forget" to disclose legal proceedings after Sarbanes Oxley. The Act imposes a number of new disclosure requirements designed to enhance visibility.
- Disclosure of financial information prepared in accordance with (or reconciled to) generally accepted accounting principles.
- Disclosure…
Basel ii and Legal Risk
In order to comply with Basel ii, banks have to measure all legal risks. This is really difficult, as there is no official definition in the new Basel Accord.
In order to meet the Basel ii requirements, banks have to measure operational risk.
According to Basel ii Accord Section 644 to 651, Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or…
International Implications of Sarbanes-Oxley: Training Classes from London to Du …
International companies face serious Sarbanes Oxley compliance challenges. The Sarbanes Oxley Act affects not only US public companies, but also an amazing number of foreign firms that become subject to US law.
George Lekatis, a senior risk and compliance consultant, certified trainer, and general manager of a firm that bears his name, leads several Sarbanes Oxley compliance classes every month outside the United States. There are already scheduled more than…
