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a description, at a minimum, of material weaknesses in such internal controls, and of any material noncompliance found on the basis of such testing.
This generally requires chief executive officers and chief financial officers to disgorge incentive-based compensation and any profits from stock sales within the 12-month period after the public release of financial information if there is a restatement because of material noncompliance, due to misconduct, with financial reporting requirements under the federal securities laws.
The Dodd-Frank financial overhaul law requires the S.E.C. to adopt rules that require a company to establish a program to reclaim "incentive-based compensation" for up to three years if it ever restates its financial reports because of "material noncompliance" with accounting rules.
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The term "material breach" means significant noncompliance with applicable law or an order of the Foreign Intelligence Surveillance Court concerning any acquisition of abouts communications.
And the defendant's noncompliance with regulations must be material.
"Our audit disclosed no material weaknesses and no instances of reportable noncompliance with laws and regulations," the Treasury's audit report said.
In the case of patient 6, noncompliance in combination with his reaction to the subcutaneous surgical suture material caused the wound dehiscence.
In the Supplemental Material (http://www.ehponline.org/docs/2006/9141/suppl.pdf), we present analyses of relationships of F eNO with the quality of maneuver and noncompliance with pretesting spirometry, exercise, food, and beverages.
It is shown that British noncompliance with accounting obligations under the treaty was driven by realist self-interest and the maximisation of material gain.
The quality of this relationship has a positive effect on the number of reported internal control weaknesses and incidents of noncompliance, as well as on the numbers of security incidents detected, both before and after they caused material harm to the organization.
Certification must be enforced through mechanisms such as the procurement of materials from designated suppliers, the exclusive use of accredited manufacturers, and penalties to revoke accreditation in the case of noncompliance with standards (enforcement mechanisms).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com