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Sarbanes-Oxley News
Article:
CFOs say 'Repeal Sarbox!' But does that matter?
A recent report shows that three quarters of U.S. CFOs believe that the Sarbanes-Oxley Act should be repealed. Sarbanes-Oxley was created to restore investor confidence following a series of high profile financial scandals, but many business advocates believe its costs exceed its benefits. Last month, however, costs associated with compliance with Section 404 of Sarbanes-Oxley had fallen twenty-three percent. This, combined with recent changes to the law from the SEC and from the Public Company Accounting Oversight Board, should quiet some of the criticism, but it hasn't yet. Though it may be hard to quantify the benefits of Sarbanes-Oxley, recent changes may mean equilibrium to the cost-benefit analysis may be on the horizon.
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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