Tuesday, October 19, 2004

Managing the Next Phase of Compliance

Now that the end of the initial compliance phase of Section 404 of the Sarbanes-Oxley Act is upon us, can organizations rest easy? According to a recent survey, the real work remains to be done.

Ventana Research sees the issues of compliance, audit, and control entering a new phase. In our judgment, the post-scandal period that drove the passage of the Sarbanes-Oxley Act (SOX) is coming to a close. For the past two years, all U.S. public companies -- and even some others that have no legal obligation -- have been scrutinizing and correcting their financial control systems to comply with Section 404 of the act (by far the most onerous element of reform for a public company). For most of these companies, the distraction and anxiety associated with meeting the act's requirements will dissipate over the next couple of months as they complete their initial compliance phase.

Managing the Next Phase of Compliance

Send to a friend:

0 Comments:

Post a Comment

<< Home

Previous articles

Virtusa Corporation Selects OpenPages SOX Express ...

Preparing the Marketing Department for Sarbanes-Ox...

Sarbanes-Oxley: Lack Of IT Controls Seen As Reason...

CRN Systems Integrator Roundtable: Where Integrati...

Instant messaging could land bosses in jail

Big Four shop overseas for Sarbox talent

Deloitte Launches Sustained Compliance Solution Fr...

Observations from the Sarbanes-Oxley trenches

Software helping companies beat Sarb-Ox deadline

Automating Auditing with Ecora