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Sarbanes-Oxley News
Article:
SEC OKs relaxed Sarbanes-Oxley standard
The SEC voted unanimously to approve the Public Company Accounting Oversight Board's Auditing Standard No. 5 (AS5), which is intended to make compliance with Section 404 of the Sarbanes-Oxley Act (SOX) less costly and time consuming. This new standard will focus management's attention on high level risks to corporations. The Sarbanes-Oxley Act is intended to improve corporate accountability and financial transparency, but has proven to be quite unwieldy for companies trying to achieve SOX compliance. The SEC will continue to monitor the PCAOB to ensure that accounting firms are implementing AS5 properly. This new guidance is also expected to help small companies achieve SOX compliance, which they are expected to do this year.
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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