Just the mention of a Sarbanes-Oxley audit provokes horror stories of inordinate time spent providing evidence; complying with written policies, procedures and guidelines; and attending countless ...
The purpose of the Sarbanes Oxley Act is to prevent fraudulent accounting practices in publicly held corporations. Congress passed SOX in 2002 after a series of accounting scandals duped stockholders ...
The increasing number of hours devoted to Sarbanes-Oxley compliance, along with the COVID-19 pandemic, have accelerated the need to use technology and automation to cope, according to a new survey.
Prior to SOX, the process for the selection and assessment of the independent auditor typically was controlled by management. Audit committees now play an essential role in the corporate governance ...
Top expense system providers are pointing to external audits as proof of their ability to assist companies with compliance of Sarbanes-Oxley requirements. Gelco Expense Management announced May 31 ...
THE ACCOUNTING PROFESSIONALS interviewed for this article were positive about some Sarbanes-Oxley requirements, saying management’s reporting on and the external auditor’s attestation to the internal ...
Sarbanes-Oxley is the most sweeping legislation to affect publicly traded companies since the reforms during the Great Depression. CIOs should follow Gartner’s four-phase approach to meet compliance ...
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