Smoother Sailing

Topics:
Audits,
Financial Statements,
Sarbanes Oxley Compliance
Tags:
Finance,
Financial Accounting,
Government,
Human Resources,
Policies And Procedures,
Regulations,
Regulatory Compliance,
Sarbanes-Oxley,
Sarbanes-Oxley Act
Source:
Microsoft

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Overview: Sarbanes-Oxley, also referred to as "SOX," radically changed the rules of corporate governance and financial reporting when it was enacted in 2002. It imposed far-reaching mandates that touch every corporate function and location, even extending to external partners - from the board of directors to auditors and consulting firms. But while the immediate concern has been to meet SOX compliance deadlines, there are greater benefits to reap by employing a solid technology strategy to do so. These range from becoming more efficient and cost-effective in meeting not just SOX requirements but myriad other regulations, to gaining greater insights into the business and transforming organizational processes.

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