Latest Audit Committee Stories

NEW YORK, July 11, 2012 /PRNewswire-Asia/ -- SmartHeat Inc., (NASDAQ: HEAT; website: www.smartheatinc.com), announced today that its Board of Directors has appointed Michael Wilhelm as SmartHeat's Chief Financial Officer and Kenneth Scipta as an independent director of the company, who will also serve on the company's audit committee as its chairman. Mr. Wilhelm is a graduate of Northwestern's Kellogg School of Management with a Masters of Management in Accounting and is an...

NEW YORK, July 11, 2012 /PRNewswire/ -- The passage of The Sarbanes-Oxley Act (SOX) ten years ago dramatically transformed US financial reporting by improving audit quality and strengthening corporate governance. Ernst & Young LLP today released a report - The Sarbanes-Oxley Act at 10 - that considers the legislation, discusses what it was designed to do, and analyzes its impact. SOX ended more than 100 years of self-regulation and established the independent oversight of...

SACRAMENTO, Calif., July 10, 2012 /PRNewswire/ -- As expected by the California Physical Therapy Association (CPTA), the results of an audit of the Physical Therapy Board of California (PTBC) released by the State Auditor's office last month proved that the PTBC maintains an appropriate relationship with the CPTA. According to the State Auditor's report, the PTBC "appropriately investigates complaints and imposes discipline...and the physical therapy board's relationships with...

SAN DIEGO, July 9, 2012 /PRNewswire/ -- Organovo Holdings, Inc. (OTCQB: ONVO), a biotechnology company focused on delivering breakthrough three-dimensional (3D) bioprinting technology, today announced that James T. Glover has been appointed to the Company's Board of Directors. Mr. Glover was also appointed to serve as chair of the Audit Committee, chair of the Compensation Committee and as a member of the Nominating and Corporate Governance Committee of the Board. Mr. Glover was...

BEIJING, July 6, 2012 /PRNewswire-Asia/ -- Trunkbow International Holdings Limited (NASDAQ: TBOW) ("Trunkbow" or the "Company"), a leading provider of Mobile Payment Solutions ("MPS") and Mobile Value Added Solutions ("MVAS") in China, today announced that the independent registered public accounting firm Holtz Rubenstein Reminick LLP ("HRR") has completed its review and audit of the Company's consolidated financial statements for the year ended December 31, 2009. Trunkbow has...

HOUSTON, July 2, 2012 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that it received notification from the NYSE MKT LLC (the "Exchange") that it was not in compliance with the Exchange's continued listing standards set forth in Section 802(a) of the NYSE MKT Company Guide the "Company Guide"), which section requires at least a majority of independent directors, and Section 802(B)(2)(a), which requires at least three members on a listed company's audit...

TEL AVIV, Israel, July 2, 2012 /PRNewswire/ -- RiT Technologies (NASDAQ: RITT), today announced that its 2012 Annual General Meeting of Shareholders will be held on Tuesday, July 24, 2012 at 10:00 a.m. (Israel time), at the offices of the Company, 24 Raoul Wallenberg Street, Tel Aviv, Israel. The record date for the meeting is July 4, 2012. The Company will send to its shareholders of record a proxy statement describing the various matters to be voted upon at the...

Joan Brubacher, experienced public company CFO, joins Beamz Board of Directors. Scottsdale, AZ (PRWEB) June 26, 2012 Beamz Interactive, Inc., an interactive music and gaming technology company, today announced that Joan Brubacher, a very experienced public company Chief Financial Officer and Executive, has recently joined the Beamz Board of Directors. “We are very excited about the addition of Joan Brubacher to our Board of Directors,” said Charlie Mollo, President & CEO of Beamz...

HAIKOU, China, June 26, 2012 /PRNewswire-Asia/ -- Shiner International, Inc. (Nasdaq: BEST) ("Shiner" or the "Company"), an emerging global supplier of packaging solutions for food, tobacco, and consumer products, announced that on June 22, 2012 China time, it received a letter from Nasdaq Listing Qualifications Department ("Nasdaq") indicating that the Company no longer complies with Nasdaq's independent director and audit committee requirements as set forth in Listing Rule 5605 as a...

CHANGZHOU, China, June 26, 2012 /PRNewswire-Asia/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, announced today that its board of directors and audit committee approved the appointment of KPMG as its independent auditors for the year ending December 31, 2012. The selection of KPMG was made as part of a structured...