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Sarbanes-Oxley News
Article:
SEC to finalize Sarbanes-Oxley tweaks
Section 404 of the Sarbanes-Oxley Act (SOX) requires public companies to monitor and test internal controls over financial processes. This part of SOX compliance has drawn intense criticism from businesses who say that Sarbanes-Oxley, and Section 404 in particular, is too costly. For these reasons, the SEC and the Sarbanes-Oxley-created Public Company Accounting Oversight Board (PCAOB) will vote on changes to SOX compliance requirements this week. Expected changes to Section 404 include: focusing Sarbanes-Oxley audits on the areas of highest potential risk for fraud and requiring only one auditor to attest for Section 404 compliance.
The Sarbanes-Oxley News Article
About OpenPages
OpenPages is the leading provider of Governance, Compliance and Risk
Management solutions
for Sarbanes-Oxley Compliance, Financial Controls Management, General
Compliance Management, Operational
Risk Management and IT
Governance.
The company’s solutions provide the visibility, decision support and
control to improve accountability, better manage risk, achieve compliance
with numerous regulations, improve operational performance and align strategies
to ensure better results.
Market-leading corporations in financial services, manufacturing, telecommunications,
media/entertainment, retail/consumer, energy, high technology, health services
and life sciences rely on OpenPages to help them achieve sustainable governance,
risk and compliance management -- enabling them to become well-governed businesses.
Founded in 1996, the company is headquartered in Waltham, Massachusetts, with
regional offices throughout North America and international offices in London, Munich, Paris, Tokyo and Hong Kong.
For more information on OpenPages' suite of business governance software solutions
or to register for an online demonstration, please call 781-693-5999 or visit
www.openpages.com.
Reynolds American Selects OpenPages FCM for Sarbanes-Oxley Compliance.
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