HOME

Sarbane
Oxley
 

SarbOx

 

SarbOx Info....

  Sarbane Oxley Compliance
  Sarbanes Oxley Act Section 404
  Sarbanes-Oxley Software
  SarbOx Internal Controls
  SarbOx Case Study
  Future of SarbOx
  Sarbanes-Oxley Training
  Cost of SarbOx
  Sarbox News
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patriot Act Compliance

Corporate Compliance Site

Sarbane Compliance | SarbOx Compliance | Sarbane Oxley Compliance

The Tip Of The Sarbanes Oxley Act Compliance Iceberg

Sarbane Oxley Compliance | Sarbanes Oxley 404 Compliance

Since its passage in 2002, the Sarbanes Oxley Act has spotlighted the realm of corporate governance as it pertains to compliance with legal regulations. Corporations have spent thousands of hours in preparation for their first attempt to earn an ‘unqualified’ attestation from their public accountants.

That attestation is required to substantiate management assertions as to the overall effectiveness of their internal control frameworks, as mandated by Section 404 of the act.

As the first deadline approached in December, 2004, many CEOs and CFOs believe they have adequately navigated the course laid out for them by the act. But do corporate efforts to comply with Section 404 supply enough information to avoid the unforeseen complications of future noncompliance events?
 

Or have they addressed only the tip of the Sarbane Oxley Compliance iceberg?


Sarbane Oxley Compliance Comments

Numerous comments by key individuals, including SEC commissioners, have made it clear that the Sarbanes Oxley Act was not intended as the ‘end of all means’ as it relates to reassuring the investing public and the federal government about an organization’s operations.

Rather, the act was intended as a ‘means to an end’: namely, establishment of an integrated control framework as defined in a landmark report issued by the Committee on Sponsoring Organizations of the Treadway Commission (COSO). By design, that framework would address all aspects of the act as a part of the overall defined corporate governance.

Excerpts from http://www.sec.gov/news/press/4-497/dejorgensen5378.pdf

More information: http://www.COMPLIANCESOURCES.COM/sarbanes-oxley-compliance.html 
 

Sarbane Compliance | SarbOx Compliance | Sarbane Oxley Compliance