Sunday, July 10, 2005

Using Spreadsheets for SOX Documentation: Pros, Cons, and Hidden Dangers

By Tim J. Leech, FCA-CIA, CCSA, CFE

It is important that I declare for the record that I have a conflict of interest. I work for Paisley Consulting, the dominant SOX software vendor in the market. Writing this article is somewhat akin to a tractor salesman in the early part of the 20th century promoting the benefits of tractors over horses and mules for ploughing the fields. Tractors at the time were far from perfect but it became clear early on that tractors were capable of significantly outperforming horses and mules. The problem was that many farmers were very accustomed to doing their work this way and sometimes were even emotionally attached to their horses and mules.

Using Spreadsheets for SOX Documentation: Pros, Cons, and Hidden Dangers

Send to a friend:

0 Comments:

Post a Comment

<< Home

Previous articles

Deloitte Audit of Navistar Is Investigated

Some say new SEC regulations waste company time, m...

Execs on trial lean on ignorance defense

Execs on trial lean on ignorance defense

How To Dig Out From Under Sarbanes-Oxley

You Can't Have a "Free-for-All"

Anti-fraud law fails first major court test

Scrushy Acquitted of Fraud at HealthSouth

PwC: Private Companies Applying SOX Principles as ...

GM won't let execs trade stock