|
|
Sarbanes Oaxley ActSarbanes Oaxley Act(correctly spelt Sarbanes Oxley) represents one of the most far reaching changes in U.S. securities law for years.Its implementation and enforcement take place in a technological environment that has changed in ways unimaginable even a few decades ago. Enterprise Resource Planning systems, and enterprise application systems have automated manual processes spanning individual departments, locations even whole companies. While The automation of systems has increasedproductivity and enabled many initiatives, the process has resulted in intricate systems that can be difficult to control, monitor, and audit and integrate. Executives report that directors at their company are expected to have more input on a variety of issues, particularly risk identification and risk management and so they need IT Sarbane Oxley compliant systems to help them to achieve sections such as Section 404. Reporting modules should allow companies to project revenues, costs, discounts and allowances to ensure that corporate projections are developed in a consistent manner. Other Sarbanes Information Many companies say their company has established awhistleblower complaint process, as required by Sarbanes Oxley, even though this provision is not yet effective. Many IT companies such asHewlett Packard, Hitachi Data Systems, Network Appliance, Open Text, Oracle, Plasmon, Sun Microsystems, and Veritas Software are working to gether to help the industry and advise what they can do to help companies achieve compliance. Self assessments by audit committees and boards have proven very effective in uncovering potential problem areas.
|
|||
|
|
||||
| Go back to the .. Sarbanes Oxley section page. |
||||
- -
-
-
-
-
-
-
To return to the main index press home at the bottom of the page.
-
| Home Page | Back to top |