Sarbanes-Oxley has proven itself to be a terrific money maker for the accounting andlegal industries in the United States, but the evidence on its effectiveness as aninformation equaliser in the capital markets is ambiguous at best.Here's the soxlaw.com section 404 summary: Issuers are required to publish information in their...
First a brief summary of the Sarbane-Oxley Act. This law was passed by Congress in reaction to the exposed frauds at publicly traded companies that resulted in large losses for stockholders and the failures of many companies. Enron was the most visible of these cases. The purpose of the law...
With all the hubbub about Sarbanes-Oxley, we turned to BT Trax to see how the news has been playing out over the last 12 months. As you can see in the SOX news interest graph, there is a low-level of interest but key developments spike interestto new highs, and none...
SOX is more than just 404 documentation. From proper retention, retrieval and disposition of audit data to corporate responsibility for financial reports to real-time disclosure, SOX places a comprehensive compliance burden on public companies. Because of the sheer scope of the law, there is no "SOX-in-a-box" solution. Equally important, as...
Many companies rely on spreadsheets as a key tool in their financial reporting and operational processes. As a result, the use of spreadsheets is an integral part of the information and decision-making framework for these companies. In developing and using spreadsheets, companies need to balance their ease and flexibility against...
This paper is designed to assist management in its efforts to satisfy its responsibilities established by the Public Company Accounting Reform and Investor Protection Act of 2002. The paper is based on rule-making and guidance available as of July 2, 2004; accordingly, as new rules or modifications or interpretations to...
The Sarbanes-Oxley Act of 2002 has fundamentally changed the business and regulatory landscape for all companies publically traded in the US. SOX is intended to instill confidence back into the investor community after several corporate scandals resulted in the loss of billions of dollars in invested capital. SOX does this...
This document demonstrates how Symark PowerBroker and PowerPassword work in tandem to protect the integrity of data across heterogeneous UNIX/Linux systems to help bring your IT systems into compliance with the SOX section 404 requirements as outlined by various over site boards such as COBIT, ISACA, ISO and the Guide...
While many businesses have successfully completed a Sarbanes-Oxley audit, the challenge is in maintaining compliance while keeping associated costs under control. The Securities and Exchange Commission SEC now recommends automating the Internal Controls for Financial Reporting ICFR, the IT general controls required by SOX. And why not? Automated IT controls...
The Sarbanes-Oxley Act, SOX, is an on-going migraine headache for corporate America because compliance is expensive, confusing and increasingly stringent. Companies are justifiably nervous about the uncertainty surrounding internal controls since no governing bodies have precisely determined what compliance with Section 404 actually means. Purchasing functions, especially, come under close...
Admittedly, the comparison may be somewhat exaggerated, but controlling super user and other administrative privileges are critical to most organizations. While in the past, controlling privileged accounts may have made good business sense, today, it is mandated by regulations such as Sarbanes-Oxley SOX Section 404. For a SOX audit, it...
Remote Vendor Access, Developer Access to Production, Fire-Call Access and more are all examples of "Critical" access requirements that bring a unique set of compliance and security requirements. This white paper discusses the issues and offers a unique solution for controlling access to critical enterprise resources. Driven by the regulatory...
A new BlackBerry Patent application details a way for a you guessed it BlackBerry device to harness ambient light in order to illuminate the device to a degree and in a manner appropriate to the immediate surroundings. That would be ambient light, and...
The Securities and Exchange Commission tweaked its Sarbanes-Oxley requirements and that could be bad news for the technology companies, consultants and accountants on the Sarbox gravy train. The SEC said Wednesday that it was making changes to the Sarbanes-Oxley Act, known in some quarters as the accountant and consultant employment...
Eric Savitz in a Barron's Online blog reports that on Wednesday the SEC approved new guidance on how to implement Section 404 of the Sarbanes Oxley Act. Section 404 is the portion of SarbOx that required CEOs to sign off on the documentation and effectiveness on internal controls and processes...
404: not founded in reality?ContextIt seems somehow appropriate that the section number is also the best-known HTTP error code.Ad-hoc user-driven IT budget re-allocationSounds like a nightmare to me. I'm not saying individual departments (or smaller, depending on how you're company chooses to label its organitional units) shouldn't have an...
Technology in a newly published BlackBerry patent application specifies a device that would supplement its self-generated backlighting system by collecting light from the surrounding area.In other words, a BlackBerry enabled in this manner would have backlit screen run by a combination of nternal power, as well as surrounding area...
Since the advent of the Sarbanes-Oxley Act SOX, companies have spent considerable time focused on securing corporate communications. Information transmitted via fax runs the same risk of SOX violation as any other data. If SOX compliance is a concern, see how the right Internet fax service can protect organizations from...
"Drivers" are a funny thing. They're those often-ambiguous factors cited by analysts and reporters as they attempt to explain why a technology is catching on. Of course, there are usually deeper underlying factors "driving" a technology adoption, than the official technology "drivers." But, even as we explore those underlying factors,...
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