|
Sarbanes-Oxley News
Article:
Businesses say accounting reform costly, onerous
Sarbanes-Oxley Act (SOX) is the corporate governance law--passed with overwhelming support--that is intended to restore investor confidence by improving corporate accountability. The law has come under fire from critics and so SOX compliance requirements are currently being scrutinized for their effectiveness in preventing fraud. Sarbanes-Oxley's Section 404 is its most costly provision and requires companies to evaluate their internal controls over financial processes and then have these audited by an outside firm. The SEC's Chair has stated that the problem lies in the implementation of Sarbanes-Oxley, not in the law itself. For this reason, the SEC recently released guidance for companies to more efficiently comply with Section 404 of SOX 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.
|
