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Sarbanes-Oxley News
Article:
Certifying Financial Reports Adds No New Value
A recent report says that the Sarbanes-Oxley Act (SOX) may not be achieving its intended effect of improving investor confidence. The report indicates that the market was taking care of itself without the assistance of Sarbanes-Oxley, which was enacted to stop corporate fraud. The SOX compliance process doesn't impact investors, according to the report, which says the costs outweigh the benefits. SOX compliance costs have also been blamed for encouraging companies to list with overseas markets. To combat the negative impression of Sarbanes-Oxley, the SEC recently released new guidelines to make SOX compliance easier and more straightforward.
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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