Congress passed Sarbanes-Oxley in 2002 when the Enron and WorldCom frauds, with an assist from Adelphia Communications, Global Crossing, HealthSouth, Tyco International plus a host of lesser perps. During those years, the accounting trade was supposedly regulating itself for audit quality and integrity. In practice, accountants were gliding along with the company cheaters in return [...]
Posts Tagged ‘sarbanes oxley’
Are Spreadsheet Inventories Dead for Modern US Business?
With finance departments and CEOs or CFOs being held personally accountable under the ever-stringent requirements of Sarbanes-Oxley (Sarbox) in particular, the need for an asset tracking system has never been greater for US companies or overseas operations that are subsidiaries of a US listed company. Penalties built into Sarbox can be severe for non-compliance, false [...]
Does Your Company Have To Comply to The Sarbanes Oxley Act?
If you are an American company, then you might be required to know about the Sarbanes Oxley act. If you are an American company and haven’t heard of it before, then you have already learnt something about it. It’s a law in the US.
The Sarbanes Oxley is an act that was signed into US in [...]