Tuesday, August 31, 2004

Paisley Consulting Risk Navigator

Risk Navigator™ is the most complete Sarbanes-Oxley solution available today. Sarbanes-Oxley Act Section 404 requires that each company verify the accuracy and proven effectiveness of financial controls. Only a solution that can identify, measure, prioritize and manage all of the risk and control effectiveness data will get the job done.

Paisley Consulting Risk Navigator

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The CIO Collective: Sarbanes-Oxley legislation

Our innaugural topic is the Sarbanes-Oxley legislation and its impact on IT prioritization and policy. The Sarbanes-Oxley Act of 2002 involves accounting oversight of public companies, as well as auditing, quality control, independence standards, and the role of Boards of Directors. In addition, it provides direction for the escalation of employee communications to the Board (whistleblower response). While the legislation is still being finalized, and deadlines for compliance have been extended for many of the key provisions, there remain numerous issues that are a direct concern for IT executives, and consequently, numerous opportunities to provide leadership and tactical support.

The CIO Collective: Sarbanes-Oxley legislation

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SarbOxPro -- Software for Sarbanes-Oxley Section 404 Projects

With the Sarbanes-Oxley Act of 2002, public companies face new financial documentation challenges. A powerful tool for Sarbanes-Oxley Section 404 projects, SarbOxPro risk documentation software enables companies to quickly identify and document risks and controls and to easily track testing. A simple solution, SarbOxPro is the most comprehensive, yet affordably priced software tool designed for Sarbanes-Oxley Section 404 projects. SarbOxPro software is truly quick and easy. Built on Microsoft Access, it is quick to install for simultaneous use by multiple documenters. Navigation is easy and intuitive. Input by hand is minimized by the ability to import data from Excel. SarbOxPro can be up and running in minutes.

SarbOxPro -- Software for Sarbanes-Oxley Section 404 Projects

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Hummingbird and Certus Partner to Provide Best-of-Class Sarbanes-Oxley Solution

Hummingbird Ltd. (NASDAQ: HUMC, TSX: HUM), a leading global provider of integrated enterprise content management (ECM) solutions, and Certus Software, Inc., the proven leader in corporate compliance software for the enterprise, today announced a technology partnership to offer organizations the most comprehensive solution available to implement and certify internal controls to comply with the Sarbanes-Oxley (SOX) Section 404 financial business processes. Customers now have a complete technology solution for achieving corporate governance and minimizing risk.

Hummingbird and Certus Partner to Provide Best-of-Class Sarbanes-Oxley Solution

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Legally bound

While it is true that something must be done, it can be argued that something done badly is worse that nothing being done at all. The result is that US corporates are struggling to understand the full implications of Sarbanes-Oxley and its impact on their business strategies, never mind the longer term impact that will be felt on their systems’ roadmaps. The legislation is also so new it has yet to be tested in any robust way, so it remains a moving goal and amendments are inevitable as companies provide feedback on its effectiveness.

Legally bound

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FrontBridge Fills Archiving Gaps

Compliance has been the longstanding mantra of FrontBridge, whose products help fulfill reporting requirements, such as SEC 17a-4, NASD 3010, and Sarbanes-Oxley. Message archiving is in high demand, as companies are required by law to store and access electronic communications.

FrontBridge Fills Archiving Gaps

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Hyperion And Sun To Deliver 100 Percent Solaris OS-Based Business Performance Management Solutions For SPARC And AMD Opteron Processor-Based Systems

Companies are challenged by a highly competitive business climate and new compliance regulations—including the Sarbanes-Oxley act in the United States and International Financial Reporting Standards in Europe—that demand both greater performance and higher levels of control and transparency. Hyperion and Sun integrated solutions will provide the scalability and performance businesses need for fast, cost-effective enterprise-wide Business Performance Management deployments that will enable them to quickly collect and analyze their financial and non-financial data to gain insight and improve business performance.

Hyperion And Sun To Deliver 100 Percent Solaris OS-Based Business Performance Management Solutions For SPARC And AMD Opteron Processor-Based Systems

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Monday, August 30, 2004

Compli: Enterprise Compliance and Risk Management System

The ability to effectively assess, manage, and mitigate organizational risk puts your organization in an elite category. Compli’s compliance management system and predictive risk assessment solutions lay the cornerstone of effective risk management by providing an enterprise-wide system for monitoring, tracking, and reporting on compliance efforts related to employment practices, corporate governance, workers comp and more.

Compli: Enterprise Compliance and Risk Management System

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Sarbanes-Oxley Act Compliance Application

Now, S-O Comply is flexible enough to meet the needs of the smallest or largest public companies. Since the product's introduction in April of 2003 onProject has secured 1,000's of users within major corporations across North America. This continued success positions us as one of the leading software solutions for Sarbanes-Oxley compliance available today. onProject has been recognized as a known software vendor on the recommended vendor lists of the Big Four accounting firms, CFO Magazine and Gartner, Inc.

Sarbanes-Oxley Act Compliance Application

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Stocks Await Vote

Meanwhile, some companies are likely to be holding back major acquisitions ahead of their first external audit of internal financial controls as required under section 404 of the Sarbanes Oxley Act.

Cohen: Stocks Await Vote

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Going public getting harder / As IPOs become costlier, some CEOs decide to sell

The bulk of the increase is the higher expenses for auditing and other accounting services required by the Sarbanes-Oxley Act of 2002, which Congress passed after scandals at Enron, WorldCom and other bankrupt firms shook confidence in the public markets.

Going public getting harder / As IPOs become costlier, some CEOs decide to sell

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FrontBridge Acquires Message-Archiving Company

Matt Cain, senior VP at research firm Meta Group, says the market for E-mail-compliance technology is growing rapidly. And it's evident why--according to Dan Nadir, VP of product management at FrontBridge, about 90% of the company's customers are struggling to comply with regulations such as Sarbanes-Oxley.

FrontBridge Acquires Message-Archiving Company

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Interstate Bakeries Corporation Defers Filing 2004 10K

Interstate Bakeries Corporation (NYSE:IBC), today said that due to the convergence of a number of recently identified interrelated circumstances, it had not on Friday, August 27, 2004, filed its Form 10-K for its fiscal year ended May 29, 2004 with the Securities and Exchange Commission. The Company said it is seeking to resolve these matters promptly and will defer filing its fiscal 2004 Form 10-K until it has done so. Filing will occur when the officers who must make the certification required by the Sarbanes Oxley Act in connection with such filing are in a position to do so.

Interstate Bakeries Corporation Defers Filing 2004 10K

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Regulatory Demands Put Spotlight On Asset Management Practices

Bresler & Reiner Inc. has found itself placing a lot more emphasis on IT asset management practices as a result of pressing regulatory compliance demands. Earlier this year, the Rockville, Md.-based real estate investment trust installed an industry-specific accounting software package that's used by its various property management companies. The package was supplied by Beaverton, Ore.-based Timberline Software Corp., said Eric Clarke, Bresler & Reiner's internal audit director. To help meet regulatory requirements such as the Sarbanes-Oxley Act, "we want to make sure financial information on our software and servers is adequately safeguarded and that we have an adequate disaster recovery plan in place for each site," Clarke said.

Regulatory Demands Put Spotlight On Asset Management Practices

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EMK3 and Sarbanes-Oxley

EMK3 helps E&P companies meet compliance obligations related to section 404 of the Sarbanes-Oxley Act for all business processes managed by the marketing department. EMK3 provides increased visibility over financial processes, better control over the access and use of information, and improved oversight over departmental activities. EMK3's application and services are a key component in your Sarbanes-Oxley compliance initiatives.

EMK3 and Sarbanes-Oxley

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Friday, August 27, 2004

ExpenseWatch.com SOX Compliance

ExpenseWatch.com SOX Compliance Module allows you to efficiently obtain required approvals for invoices with or without corresponding purchase orders, and dramatically increases management's ability to control expenses in real time With ExpenseWatch.com SOX Compliance Module, expenses are reflected for analysis and reporting purposes as much as 60 days before they are processed and reported on traditional accounting reports. In addition, invoices are never "lost in the system," and the status of the review process is always available via ExpenseWatch.com. We bring transactional efficiencies to any workflow.

ExpenseWatch.com SOX Compliance

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IMA Sarbanes Oxley Knowledge Network

If you are a member of the Institute of Management Accountants (IMA), you should consult this subscription-based resource managed by the organization. Trial previews are available.

Sarbanes Oxley

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Study Finds Less Earnings Manipulation

Are investors better off than they were two years ago? Since the Sarbanes-Oxley Act became law in late July 2002, setting a new standard of conduct for business, the market has rewarded those with the stamina to keep their money in stocks.

Study Finds Less Earnings Manipulation

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SOX hits bean counting software for six

New accounting regulations, such as Sarbanes-Oxley, could spell trouble for software makers that sell corporate accounting systems to US companies, according to a securities research firm. Public companies must certify their compliance with a key section of the Sarbanes-Oxley Act when they close this year's books, noted JMP Securities analyst Patrick Walravens. The law, which Congress passed in 2002 following financial scandals at Enron and WorldCom, is supposed to make corporate accounting procedures more transparent to investors and regulators. SAP, the world's biggest supplier of corporate accounting programs, will be hit particularly hard by software spending disruptions, in Walravens' opinion.

SOX hits bean counting software for six - silicon.com

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Fisher Communications files additional financial statements

Fisher Communications released a flurry of amendments to its last two years of financial statements yesterday, but the filings didn't change a single number in its accounting. Instead, the amendments stated that in the past, the Seattle broadcaster's financial controls did not catch accounting problems — and that now they do. Welcome to the world of Sarbanes-Oxley arcania.

The Seattle Times: Business & Technology: Fisher Communications files additional financial statements

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Sarbanes Oxley implementation postponed again

The US Securities and Exchange Commission has announced that it will delay moves to an accelerated filing period for annual reports. This is expected to ease the transition for big companies to the year-end reporting required under the Sarbanes-Oxley Act.

Sarbanes Oxley implementation postponed again

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Thursday, August 26, 2004

CSI SOCET: Web-based Sarbox management tool

CSI SOCET is a complete web based internal controls documentation, evaluation, monitoring and project management application that has been designed to enable your organization to meet the challenges of compliance with the provisions of the Sarbanes-Oxley Act of 2002. It simplifies and automates your evaluation of internal controls including - identification of key accounts, business areas, and business processes; documenting risks, testing and evaluating the operating effectiveness of control activities; and monitoring and resolving identified issues.

CSI SOCET

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SEC Proposes to Postpone for One Year the Final Phase-In Period for Acceleration of Periodic Report Filing Dates

Under the proposal, the current deadline for accelerated filers would remain at 75 days for an additional year and at 40 days after quarter end for quarterly reports. The accelerated filing phase-in period would resume for reports filed for fiscal years ending on or after Dec. 15, 2005, when an accelerated filer would have to file its annual report within 60 days after year end and file its quarterly reports within 35 days after quarter end. This would complete the phase-in and these deadlines would remain in place for all subsequent periods.

SEC Proposes to Postpone for One Year the Final Phase-In Period for Acceleration of Periodic Report Filing Dates

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SEC deadline delay spells Sarb-Ox relief

As expected, the U.S. Securities and Exchange Commission today announced that it will delay an accelerated filing period for annual reports -- a move expected to help big companies transition more easily to year-end reporting requirements under the Sarbanes-Oxley Act.

SEC deadline delay spells Sarb-Ox relief

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Looking for Trouble: The SEC Upgrades Technology to Be a Better Watchdog

The CIO at the U.S. Securities and Exchange Commission is putting the finishing touches on a sweeping plan to transform the paper-burdened and IT-challenged agency into an adept high-tech consumer and revamp business processes to keep tabs on the more than 18 million pages of financial documents it receives each year from more than 12,000 companies

Looking for Trouble: The SEC Upgrades Technology to Be a Better Watchdog

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U.S. Audit Firms Used Wrong Standards, Report Says

At Deloitte & Touche LLP, the biggest U.S. firm by revenue, eight clients were forced to restate their balance sheets due to the Public Company Accounting Oversight Board inspection. The other firms -- PricewaterhouseCoopers LLP, Ernst & Young LLP and KPMG LLP -- also had clients make restatements after regulators found some audits in violation of Generally Accepted Accounting Principles.

U.S. Audit Firms Used Wrong Standards, Report Says

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US watchdog finds audit problems

The world's Big Four auditors have missed accounting problems in their clients allowing financial results to be distorted, a US watchdog says. The Public Company Accounting Oversight Board was set up to improve auditing following scandals at firms such as Enron and Worldcom. Its review of 2003 audits by the four found cases where debt was mislabelled or auditing problems missed. But its chairman said the the review was not a "broad negative assessment".

US watchdog finds audit problems

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Sarbanes-Oxley: In the details

U.S. Sen. Paul S. Sarbanes calls the corporate governance law that bears his name, the Sarbanes-Oxley Act, the "most far-reaching improvements in the protections for American investors since the Securities and Exchange Commission was established 70 years ago."

In the details

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SAS: Sarbanes-Oxley Compliance

Achieve corporate compliance now. Or watch investor confidence shatter. The simple fact is that most companies are still unsure about how to comply with the various sections of the Sarbanes-Oxley Act. While deadlines for Section 404 compliance may vary, time is running short for public companies and their executives to ensure the effectiveness of internal controls. SAS offers comprehensive, flexible solutions for Sarbanes-Oxley compliance. With SAS you can more effectively track, store, document and audit every financial process and control within your business. SAS also provides the technology to reduce reporting cycle times by quickly accessing, consolidating and cleaning all the financial data throughout an enterprise. The time saved in consolidation can then be used to review analytic results in your reports and evaluate the success of compliance initiatives.

Sarbanes-Oxley Compliance

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InfoWorld: Intelligence everywhere

If Y2K is remembered for getting companies to buy new hardware and upgrade old software, the latest driver of change, Sarbanes-Oxley, will be remembered for democratizing information and making accountability a companywide responsibility. Its reporting requirements make it mandatory that businesses hold everyone's feet to the fire.

InfoWorld: Intelligence everywhere

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Protiviti : Sarbanes-Oxley Frequently Asked Questions, Section 302

There are many questions on the minds of directors, certifying executives, other executives and auditors as they work together to comply with the Sarbanes-Oxley Act and new requirements from the SEC and NYSE. Companies may need independent advisors to assist them in addressing these questions. Listed in this new booklet from Protiviti are frequent queries we have received in our discussions with many clients and others in the marketplace who are dealing with these requirements. We have provided responses based on our experience that we hope will assist executives as they evaluate their company's disclosure controls infrastructure and processes supporting executive certifications.

Protiviti : Sarbanes-Oxley Frequently Asked Questions, Section 302

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Protiviti: Sarbanes-Oxley Frequently Asked Questions

The SEC has issued its final rules on Section 404 of the Sarbanes-Oxley Act, which requires management to file an internal control report with its annual report. The Commission made a number of significant changes from its originally proposed rules, including new deadlines that extend the period for public companies to achieve 404 compliance, and revised quarterly internal control assessment and reporting standards. In response to the SEC’s rulings as well as feedback from hundreds of clients, colleagues and industry professionals, Protiviti has updated its well-received Guide to the Sarbanes-Oxley Act: Internal Control Reporting Requirements. The new edition contains 40 pages of new material, including 47 additional frequently asked questions and updates of many other questions reflecting the SEC’s final rules pertaining to Section 404.

Protiviti : Sarbanes-Oxley Frequently Asked Questions, Section 404

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Protiviti: Sarbanes-Oxley, IT Risks and Controls

This publication, which serves as a companion to Protiviti's Section 404 book, Guide to the Sarbanes-Oxley Act: Internal Control Reporting Requirements, offers guidance to Section 404 compliance project teams on the consideration of IT risks and controls at both the entity and activity levels within an organization. The questions and answers focus on the interaction between the IT organization and the entity's application and data-process owners, and explain the implications of general controls and how they are considered at the process level. The guide also explores how application-control assessments are integrated with the assessment of business-process controls, and addresses documentation, testing and remediation matters.

Sarbanes-Oxley, IT Risks and Controls

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Wednesday, August 25, 2004

Accounting deadline could kill software spending

Public companies must certify their compliance with a key section of the Sarbanes-Oxley Act when they close this year's books, noted JMP Securities analyst Patrick Walravens. The law, which Congress passed in 2002 following financial scandals at Enron and WorldCom, is supposed to make corporate accounting procedures more transparent to investors and regulators. Ironically, the law was supposed to be a gold mine for software developers that introduced special programs to help corporate clients comply with it. Instead, Sarbanes-Oxley work may delay software purchases over the next few months, Walravens said.

Accounting deadline could kill software spending

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Computerworld: Special Coverage of the Sarbanes-Oxley Act

For continuing coverage of the Sarbanes-Oxley Act from an IT perspective, visit the Computerworld special coverage area.

Sarbanes-Oxley Act - Special Coverage

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Microsoft Office Solution Accelerator for Sarbanes-Oxley

Better manage compliance initiatives related to sections 302 and 404 of the Sarbanes-Oxley Act of 2002. The Microsoft Office Solution Accelerator for Sarbanes-Oxley gives you more visibility over your company's financial processes and internal controls, and is adaptable to custom needs.

Microsoft Office Solution Accelerator for Sarbanes-Oxley

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Sections Affected by the Sarbanes-Oxley Act of 2002

The University of Cincinnati College of Law provides a list of the sections amended or changed by the Sarbanes-Oxley Act of 2002.

Sections Affected by the Sarbanes-Oxley Act of 2002

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Form 8-K Changes Take Effect

New reporting requirements mandated by the Sarbanes-Oxley Act that govern what must be disclosed by public companies in a Form 8-K filing took effect Monday, August 23, 2004.

Form 8-K Changes Take Effect

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CPAs Called on to Self-Report

Certified public accountants are being asked to report on their own firms' quality control procedures as well as their clients'. New model rules issued by the National Association of State Boards of Accountancy (NASBA), would have licensed public accounting firms submitting to their state licensing boards adverse quality control reviews of their operations, as well as having individual CPAs notify the licensing boards of civil charges brought against them involving fraud, violation of standards of practice or misappropriation of funds. Since the passage of the Sarbanes-Oxley Act of 2002, the state accountancy boards have been considering what issues need to be addressed at the local level. The model rules represent best practices recommended by NASBA to all state boards based on measures that have already been initiated in some states, as well as issues addressed in the Sarbanes-Oxley Act of 2002.

CPAs Called on to Self-Report

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Sarbanes-Oxley Act of 2002 at Bitpipe

Browse the reports to find the latest Sarbanes-Oxley Act of 2002 white papers, product literature, webcasts, and case studies.

Sarbanes-Oxley Act of 2002 at Bitpipe

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Sarbanes-Oxley Act Compliance and Risk Management

SOXA Accelerator, built in partnership with Plumtree Software, provides the capabilities public companies need to establish the rigorous internal controls and reporting procedures that the Sarbanes-Oxley Act of 2002 demands. The unique combination of BizFlow's capabilities for process design, automation, reporting, and monitoring, along with Plumtree's collaboration, content management, search and personalization, make this the ideal solution for complying with stringent regulations.

Sarbanes-Oxley Act Compliance and Risk Management

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"Better Than SOX" solution

"Better Than SOX" is based on a very simple yet highly effective approach to the basic analysis and controls supporting your balance sheet. Use it as an essential element in your SOX implementation to reduce risk and audit fees.

"Better Than SOX" solution

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Cartesis BPM solutions for Sarbanes-Oxley compliance

Although most CFOs realize the need for greater accountability in the financial reporting practices of public companies, Sarbanes-Oxley hasn’t made life any easier for finance executives. The list of requirements is staggering, and failure to integrate ongoing compliance into BPM processes and systems can be risky. Sarbanes-Oxley compliance is not a one-time hurdle to overcome—it is an ongoing process that must be constantly monitored, managed and improved. CFOs need a BPM solution that promotes the consistency of financial data to all stakeholder groups, ensures the completeness and accuracy of that data as well as continually monitors the effectiveness of internal controls around that data as they relate to SOX compliance.

Cartesis BPM solutions for Sarbanes-Oxley compliance

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Inside the Sarbox: The Future of Project Management

In plain English, Sarbanes-Oxley (affectionately nicknamed "Sarbox" ... not to be confused with Pandora's Box) means that CEOs and financial officers of publicly traded organizations can no longer say, "Gee, I didn't know that." Post-Sarbox, "Somebody in one of those distant functional silos must have screwed up," will be no excuse when the chickens come home to roost. The "chickens"—Risky Projects, Accounting Irregularities, and Shady Deals, by name—and the contents of the "silos" are now the personal responsibilities of the top brass, with severe penalties (up to $5 million and/or 20 years in jail) for willful cluelessness.

Inside the Sarbox: The Future of Project Management

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Sarbox Redux

Back by popular demand, Fiona Williams, a partner in Deloitte Touche Tohmatsu Security Services, answers readers' questions about the Sarbanes-Oxley Act.

Sarbox Redux

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The Sarbox Conspiracy

When CIOs began installing ERP systems in the '80s and '90s, they unwittingly took something that used to belong to CFOs: financial controls. The things that accountants used to monitor manually—such as making sure that two signatures from the right people went on every check, or reconciling purchase orders against invoices—all became automated inside ERP systems. The meticulous audit trail that controllers and accountants had established over generations for demonstrating that money was being handled properly (think of black, leather-bound ledgers and long ribbons of adding machine paper) disappeared into those ERP systems without a trace—or at least without being properly documented, and certainly not to the extent now required by the 2002 Sarbanes-Oxley Act, a.k.a. Sarbox.

The Sarbox Conspiracy

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Troux: Regulatory Compliance

Today, companies are being battered by increased regulatory oversight. Regulations from SOX to HIPPA to GLB to CAN-SPAM are driving transparency to the complex relationships that exist between stated corporate policies and the actual IT and business environments those policies are intended to govern. Troux bridges this gap. By providing a ready made translation of regulatory policy to digital format, and subsequent correlation of policy to the key control points across the IT environment, Troux dramatically reduces the risk that corporate behavior will violate policy.

Troux: Regulatory Compliance

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New Standard Supports Sarbox Compliance

Many enterprises and the software vendors that serve them are just beginning to wrap their arms around the implications of the Sarbanes-Oxley Act for the way they do business. A new technical standard for describing financial data holds great promise for helping companies streamline their compliance efforts, Yankee Group's Judah Phillips told CRM Daily. Called XBRL (Extensible Business Reporting Language), the specification is a subset of XML and the ever-widening field of Web-services standards.

New Standard Supports Sarbox Compliance

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Gartner: Sarbanes-Oxley Act blog

Think the U.S. law known as the Sarbanes-Oxley Act is just a financial issue? It isn't. Find out how Sarbanes-Oxley has changed the rules of business -- and how it will affect your IS organization.

Gartner: Sarbanes-Oxley Act blog

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Sarbanes-Oxley Act: Software, Hardware, Services and Research Papers

A listing of white papers and resources available through Knowledgestorm, an IT resource search engine.

Sarbanes-Oxley Act: Software, Hardware, Services and Research Papers

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AMR Research's Sarbanes-Oxley FAQs

AMR Research posts frequently asked questions on Sarbanes-Oxley.

Sarbanes-Oxley FAQs

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Integration Consortium, Avalanche Shoot For SOX Compliance Best Practices

The SOX Compliance Collaboration project will help participating companies meet the new requirements established by SOX, by creating common frameworks and content for controls definition, documentation, testing and monitoring. Members of both the IC and Avalanche are engaged in the project and are seeking new participants to join and assist in identifying and delivering risk, control and assessment documents from their own SOX regulation and compliance audit experiences. These materials along with industry specific "reference" models of control definitions, testing procedures, assessment and monitoring preferences will be gathered and stored in the Avalanche Repository. Members can access the repository to identify and manage efforts to fill gaps, identify tools, and support participants' efforts to create compliance control environments.

Integration Consortium, Avalanche Shoot For SOX Compliance Best Practices

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Line56.com: Managed Security Overview

There are two major things business should know about enterprise security: it's moving from the perimeter in towards the core, and the regulatory climate has made it a boardroom rather than an IT issue.

Line56.com: Managed Security Overview

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At this site, you can provide the PCAOB with information concerning any matter relating to the PCAOB and its responsibilities under the Sarbanes-Oxley Act of 2002. The information you provide will assist the PCAOB in carrying out its mission under the Act to oversee the auditors of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports. The PCAOB can be far more effective with your cooperation and assistance, and we appreciate your willingness to take the time and effort to assist us in our enforcement of these laws, rules and regulations.

PCAOB Center for Enforcement Tips, Complaints and other Information

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PCAOB Simplifies Whistleblowing, Opens Hot Line

As the Public Company Accounting Oversight Board completes its reports on voluntary inspections of the Big Four accounting firms, the Board is finding more people willing to come forward to report corporate wrong-doing. The PCAOB, created to crack down on the accounting and auditing industry by the Sarbanes-Oxley Act of 2002, is opening a new hotline today that will make it easier for employees to report problems.

PCAOB Simplifies Whistleblowing

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Sarbanes-Oxley Act Prompts D.C. Organization to Seek the Security of Stellar Technologies

Stellar Technologies, Inc. (OTCBB:SLLR), a leading provider of employee Internet management solutions, today announced its top of the line management solution, Stellar IM(TM), has been licensed to The Westex Group of Washington, D.C. The Westex Group is the premier trading and export management company in Washington, D.C.

Sarbanes-Oxley Act Prompts D.C. Organization to Seek the Security of Stellar Technologies

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Tuesday, August 24, 2004

New Guidance Manual for Sarbanes-Oxley Section 404 Projects

As the Sarbanes-Oxley Act marks its second anniversary, Deloitte & Touche LLP, one of the nation’s leading professional services firms, says many public companies are struggling to meet the upcoming compliance deadline for reporting on the effectiveness of internal control over financial reporting, as required under section 404 of the law. In fact, a study released this month by the Center for Continuous Auditing at Texas A&M University shows that half of large U.S. companies polled are still less than 60 percent complete in meeting their Sarbanes-Oxley section 404 filing requirements.

Taking Control: A Guide to Compliance with Section 404

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OSHA Publishes Final Rule on Whistleblower Procedures Under the Sarbanes-Oxley Act of 2002

The Occupational Safety and Health Administration (news - web sites) will publish in tomorrow's Federal Register a final rule establishing procedures for handling whistleblower complaints under the Corporate and Criminal Fraud Accountability Act of 2002, also known as the Sarbanes-Oxley Act, one of 14 laws with whistleblower protections administered by OSHA. The law was enacted July 30, 2002, to protect employees in publicly traded companies and their contractors, subcontractors or agents from retaliation for providing information that an employee believes is a violation of a Securities and Exchange Commission (news - web sites) rule or other federal law relating to fraud against shareholders. OSHA has received a total of 307 employee complaints filed under the provisions of the Sarbanes-Oxley Act since its inception.

OSHA Publishes Final Rule on Whistleblower Procedures Under the Sarbanes-Oxley Act of 2002

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Sarbanes-Oxley: The UK Is Taking Notice and So Should CIOs

In the London Evening Standard (a UK newspaper) on July 19, 2004, there were two striking advertisements in the Financial Executive appointments section: one for a head of compliance in a City-based company, with rewards of 100,000 pounds plus bonus and benefits; and a second for Sarbanes-Oxley experienced persons, to fulfil positions in Bristol and London, for FTSE 100 companies. The following day the paper ran a complete feature on compliance within its business pages. Chief information officers (CIOs) who do not have compliance on their radars, along with the key pieces of legislation and a suitable response, may do so at their peril.

Sarbanes-Oxley: The UK Is Taking Notice and So Should CIOs

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Sarbanes Pain Getting Sharp for Some

The deadline to comply with a key provision of the Sarbanes-Oxley Act is fast approaching, and already companies are warning they may not meet the target date -- or will only do so after incurring huge costs. The controversy focuses on a section of the landmark law that requires companies to document their so-called internal controls for preparing financial reports. The law mandates that companies' auditors evaluate their assessment. Companies with fiscal years ending on Nov. 15 will be the first to have to comply with the provision when they prepare their annual reports.

Sarbanes' Pain Getting Sharp for Some

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Corporation Finance: A Sarbanes-Oxley Act FAQs

The answers to these frequently asked questions represent the views of the Division of Corporation Finance. They are not rules, regulations nor statements of the Securities and Exchange Commission. Further, the Commission has neither approved nor disapproved them.

Corporation Finance: Sarbanes-Oxley Act FAQs

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Risk Management Software Internal Audit Software

Methodware Software can assist you with Sarbanes-Oxley Compliance. Enterprise Risk Assessor (ERA) is an Enterprise Risk Management software tool that has been implemented by some of America's largest and most recognizable companies as a Sarbanes-Oxley (SOX) solution. Companies using ERA to assist them comply with SOX include Energizer, M&I Corporation and Carnival Cruise Lines.

Methodware

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Sarbanes-Oxley Compliance Toolkit

Understanding and insuring compliance with the Sarbanes-Oxley Act can be a formidable undertaking. It is a complex piece of legislation, and one which demands a serious and planned approach. However, this need NOT be a daunting task. The Sarbanes-Oxley Compliance Kit is designed specifically to educate, explain, and guide you through the process. It includes a whole series of resources intended to help simplify, and set you on the right path... to help you achieve full compliance as painlessly as possible.

Sarbanes-Oxley Compliance Toolkit

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The Sarbanes-Oxley Act 2002

This website is intended to assist and guide. It provides information, and identifies resources, to help ensure successful audit, and management. Whether you are entirely new to the Sarbanes-Oxley legislation, or whether you have an established strategy, this portal should hopefully prove to be of substantial value

The Sarbanes-Oxley Act 2002

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Information on the Sarbanes Oxley Act and how IT governance from Mercury can help your company

Mercury helps CIOs improve business accountability and control, simplifying compliance with regulatory reporting requirements. The Sarbanes-Oxley (SOX) Act is U.S. legislation that imposes significant new regulations on publicly-held corporations. At least three sections in the law have serious implications for IT, effectively making IT governance and digitized IT processes mandatory.

Information on the Sarbanes Oxley Act and how IT governance from Mercury can help your company

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Artemis improves Corporate Governance with new Enterprise Portfolio Management Software

Artemis International Solutions Corporation (OTCBB: AMSI), a leading global provider of enterprise portfolio, project and resource management software solutions, announced its new enterprise portfolio management software, Artemis 7. Designed to provide operational transparency to corporate CxOs across the globe, and enabling executives to address corporate governance requirements from the top down, the Artemis 7 management framework provides immediate visibility into corporate assets, capital investments and all related transactions.

Artemis improves Corporate Governance with new Enterprise Portfolio Management Software - Investment Planning and Control Solutions

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Unfair dismissal claim questions reach of Sarbanes-Oxley

The international implications of Sarbanes-Oxley were being examined last week as two former employees of the Swatch Group claimed for unfair dismissal under ‘whistleblower’ protection provisions. Although Joseph Ede and Matthieu Phanthala’s complaint has been thrown out by the US Department of Labor, it raises questions over the jurisdictional reach of Sarbanes-Oxley.

Unfair dismissal claim questions reach of Sarbanes-Oxley - 23 August 2004

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SOXTools Offers Mainframe Compliance Solution for Sarbanes-Oxley

SOXTools, a leading provider of productivity tools for the compliant enterprise, announced today the release of ComplianceCopy, a tool that increases IT productivity while addressing three critical Sarbanes-Oxley problems. The Sarbanes-Oxley Act requires CEOs and CFOs of publicly-traded companies to attest to the validity of their companies' financial data. They must also attest that adequate controls are in place to protect the integrity of financial data as it flows through IT systems on its way to corporate financial reports.

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Countrywide Financial Selects Ascential Software for Sarbanes-Oxley and Basel II Initiatives

Countrywide Financial Corporation (NYSE: CFC), a diversified financial services provider, has selected enterprise data integration software from Ascential Software Corporation (Nasdaq: ASCL) as part of an extensive project designed to improve corporate reporting and enhance the company's compliance with Sarbanes-Oxley and Basel II regulations. Ascential Software solutions are being implemented to help enable Countrywide achieve a single, accurate view of all its corporate data.

Countrywide Financial Selects Ascential Software for Sarbanes-Oxley and Basel II Initiatives

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Sify Offers Services to Facilitate Sarbanes Oxley Compliance

Sify Limited (Nasdaq:SIFY), India's premier Internet, network and eCommerce services company, announced today that it now offers services to US listed companies to facilitate compliance for the SOX (Sarbanes Oxley Act). The Sarbanes Oxley Act of 2002 requires compliance with a comprehensive reform of accounting procedures for publicly held corporations to promote and improve the quality and transparency of financial reporting, by both internal and external independent auditors. According to the US SEC, compliance to Section 404 of the SOX Act alone is likely to cost companies a total of $ 1.24 billion annually.

Sify Offers Services to Facilitate SOX Compliance

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Quest Software Offers New Sarbanes-Oxley Compliance Report Pack

Quest Software (Nasdaq:QSFT), a leading provider of application, database and Windows management solutions, today announced the availability of a new report pack for its InTrust(TM) and Reporter software products. The new report pack, available at no additional charge to licensed customers of either product, contains a set of predefined reports to help IT administrators comply with specific sections of the Sarbanes-Oxley (SOX) Act. The reports are based on information automatically collected by the two Quest Software products.

Quest Software Offers New Sarbanes-Oxley Compliance Report Pack

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BindView Presents One-Hour Sarbanes-Oxley Compliance Forum

Arming customers with regulatory compliance and audit insight, BindView Corp. (Nasdaq:BVEW), a leading provider of proactive business policy, IT security and directory management software worldwide, announced plans for an informational Webinar for companies implementing IT security controls for compliance with the Sarbanes-Oxley Act. Moderated by BindView Senior Compliance Strategist Dave Mann, the seminar features panelists Charles H. Le Grand, assistant vice president with The Institute of Internal Auditors (IIA); Clint Kreitner, president and CEO of the Center for Internet Security (CIS); and Brandon Dunlap, president and managing partner with Brightfly Consulting.

BindView Presents One-Hour Sarbanes-Oxley Compliance Forum, Online Panel to Address Current Compliance Issues and Answer Questions

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UTStarcom Warns of Possible Sarbanes-Oxley Delay

UTStarcom's accounting problems got a little messier Monday. The maker of close-range wireless networks said it is expanding a review of its internal controls. The move came as the company restated second-quarter numbers and warned that its top executives may not be able to sign off in timely fashion this year on the company's financials.
UTStarcom Warns of Possible Sarbanes-Oxley Delay

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Is Sarbanes-Oxley relevant to Europe, Asia and Latin America?

Coudert partner Barry Metzger, a recognized authority on corporate governance, discusses the relationship and impact of the Sarbanes-Oxley Act of 2002 on the global marketplace in the newly published Global Corporate Governance Guide 2004: Best Practice in the Boardroom. Mr. Metzger, who served as consulting editor for the 2004 guide, provides insight into the global relevance of American corporate governance reforms

LawFuel

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Sarbanes-Oxley Compliance Serious Challenge For Some

As the Nov. 15 deadline looms for Section 404 of the Sarbanes-Oxley (SOX) Act, many publicly held small to medium-sized businesses (SMBs) are scrambling to prove they have established internal financial controls, stated the Information Technology Solution Providers Alliance (ITSPA), a national, non-profit alliance that helps SMBs understand how technology and local technology providers can help them succeed.

Sarbanes-Oxley Compliance Serious Challenge For Some

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