Friday, October 15, 2004

Deloitte Launches Sustained Compliance Solution Framework

Deloitte today introduced their Sustained Compliance Solution Framework as part of an integrated offering that is designed to help organizations move beyond the first year legal requirements of the Sarbanes-Oxley Act of 2002 and achieve sustained compliance.

According to Deloitte, most companies have focused principally on documenting, evaluating, testing, and remediating controls in preparation for the first-year internal control reporting requirements mandated by section 404 of Sarbanes-Oxley. Recognizing the effort that was necessary to meet first-year requirements, many companies are beginning to ask how they can comply with Sarbanes-Oxley using a more efficient approach that maintains quality, integrates assessment activities into the company's operations, reduces cost of compliance, and more effectively utilizes company resources.

"Our experience indicates Sarbanes-Oxley market leaders have already taken that look forward, and are beginning to move from 'project' to 'program' to operationalizing the processes. They are building a sustainable infrastructure that is integrated into their current and ongoing operations -- one that leverages their people, process and technology," said Thomas Church, partner, Deloitte & Touche LLP. "Our Sarbanes-Oxley Sustained Compliance Solution Framework can help management accomplish this -- while helping them meet their regulatory obligation to assess controls quarterly and annually, and to certify to the effectiveness of those controls and the accuracy and reliability of the financial results."

Deloitte Launches Sustained Compliance Solution Framework

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