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Abstract: The Public Company Accounting Reform and Investor Protection Act of 2002 (also known as the Sarbanes-
Oxley Act 0f 2002) was passed by US lawmakers to reinforce honest and transparent corporate practices in the wake of the various public accounting scandals and corporate failures of the 1990s. The Act, named after US Senator Paul S. Sarbanes and US Congressman Michael G.
Oxley, has changed the way public companies do business. Although not specifically covered under the Act, non-public entities are also finding that bankers, investors, and acquisition candidates are now conditioned to expect increased transparency and real-time disclosures, in effect placing a greater accounting and reporting burden on companies that are not legally obligated to comply with this act. As with any far-reaching legislation of this magnitude, there is plenty of hype that has emerged in connection with this law. This document is designed to help companies large and small navigate some of the 'hype' that sometimes blurs the line between fact and fiction.
PubDate: 5/25/2005 10:37:00 AM
Abstract: Compliance with the US Sarbanes-Oxley Act (and a slew of other regulations) is crucial for all businesses, as failure to comply with the law’s strict standards and policies can spell disaster for executives and upper management of any enterprise.
Abstract: The Sarbanes-Oxley Act (SOX) requires publicly traded firms to demonstrate that their accounting and reporting practices are in compliance with regulatory standards. Section 404 of SOX addresses the concept and practice of segregation of duties—a key aspect of this legislation, and the focus of this article.
Abstract: The 2002 Sarbanes-Oxley Act (SOX) has affected organizations, their data, and their reporting processes, putting a strain on how their financials are managed. Business intelligence solutions provide answers to these issues, allowing organizations to address SOX compliancy.
Abstract: The Sarbanes-Oxley Act is not the only government regulation that enterprises must comply with. Several others make it imperative that appropriate enterprise resource planning and financial management systems provide comprehensive sets of financials and analytics capabilities to ensure compliance.
Abstract: Two sections of the Sarbanes-Oxley Act (SOX) have major implications for supply chain management. Yet enterprises can meet the challenges created by SOX more easily by using software tools developed to simplify the processes for compliance with this law.
Abstract: An earlier article, Audit Considerations for Enterprise Software Implementations, included a brief discussion of the use of computer-based tool sets and repositories to facilitate compliance with the Sarbanes-Oxley Act (SOX). Here we examine this issue in more detail. Of particular interest are the key characteristics that you should look for when selecting such tool sets. Read on to see how these tool sets can assist your company in meeting the new audit challenges facing corporate America.
Abstract: For many companies, enterprise resource planning (ERP) is the single most important infrastructure element, thanks largely to its power in delivering end-to-end integration. New technology in ERP software has grown in sophistication over the years, enabling even further automation of business functions. Find out how you can leverage one ERP solution to deal with one of your biggest bugbears: Sarbanes-Oxley compliance.
Abstract: The rules have changed for IT outsourcing companies and their clients. The US Sarbanes-Oxley Act (SOX) casts a giant shadow over every person and organization that comes in contact with a company’s financial records and reports. We’ll look at ways in which outsourcing companies can take proactive measures to meet both the spirit and letter of compliance guidelines through audits and adherence to industry best practices.
Abstract: Today, in addition to their usual reporting and operational duties, human resources (HR) professionals are expected to bring value to the company in a number of significant respects, ranging from launching operational efficiency initiatives to providing strategic leadership. And now, compliance with the US Sarbanes-Oxley (SOX) Act has imposed a new set of responsibilities on the HR organization.
Abstract: When it comes to US Sarbanes-Oxley Act (SOX) compliance, the role of financial information systems simply cannot be overlooked. This was recently underscored by a study naming 'financial systems and procedures' as the most common problem among companies disclosing material weaknesses. Indeed, this weakness has prompted organizations to take a deeper look at their business processes—and underlying financial systems.
Abstract: IT departments play a key role in complying with the US Sarbanes-Oxley Act (SOX). Without the right technological solutions to record and monitor access to networks, financial systems, and sensitive data, company management cannot ensure the integrity of the information in their financial reports. That’s why technology that helps with SOX compliance and internal control management is imperative.
Abstract: Under the US Sarbanes-Oxley Act, companies must maintain proven auditing practices and assure integrity and timeliness of data. Thus, companies must secure systems that monitor corporate data. To effectively accomplish this, you are best off investing in a solution that can comprehensively cover your reporting and auditing needs while providing you the capacity to respond swiftly should any incidents occur.
Abstract: When it comes to Sarbanes-Oxley compliance, most IT organizations do not lack measurement data—in fact, they’re buried in it! What they need are effective ways to put these measurements into the context of critical business services, establish baselines for every layer of every component, and proactively communicate which layer of which component is the root cause of any abnormality.
Abstract: As is generally the case with such issues as the US Sarbanes-Oxley Act (SOX), the quick fix is often too good to be true. Leading companies are thus using SOX as an opportunity to restructure the way they run their business. What’s more, they’re finding they already have much of what they need—including the right people, processes, and technology.
Abstract: Organizations cannot achieve Sarbanes-Oxley compliance without the proper tools. But once these tools have been obtained, compliance becomes an opportunity for organizations to reevaluate their business practices and grow. Microsoft Dynamics NAV is a powerful ally in compliance efforts, and can give organizations the extra controls and review tools they need to help reach compliance and improve their organizational capacity.
Abstract: To comply with the Sarbanes-Oxley Act (SOX), businesses need to be forthcoming to shareholders. Earned value management system (EVMS) is a set of best business processes and tools for enterprise project planning and control. Early warning signals and reliable information from an EVMS helps management ensure that material changes in the financial condition or operations of projects are communicated as required by SOX.
Abstract: Human resources (HR) organizations have not fully embraced automation technologies. Up to 92 percent of HR “key controls”—fundamental to compliance with the US Sarbanes-Oxley Act (SOX)—are executed manually. This paper explores how technology-savvy HR organizations, especially those with the right software, can satisfy SOX requirements, and bolster their role as a strategic partner in the enterprise.
Abstract: The Public Company Accounting Reform and Investor Protection Act of 2002 (also known as the Sarbanes-Oxley Act 0f 2002) was passed by US lawmakers to reinforce honest and transparent corporate practices in the wake of the various public accounting scandals and corporate failures of the 1990s. As with any far-reaching legislation of this magnitude, there is plenty of hype that has emerged in connection with this law. This document is designed to help large and small companies navigate some of the “hype” that sometimes blurs the line between fact and fiction.