Sarbanes-Oxley Compliance
In the wake of corporate scandals that associated negative connotations with the names Enron, Tyco International and WorldCom, President George W. Bush signed into law the Sarbanes-Oxley Act of 2002.
The act was an effort to restore investor confidence by mandating (among other provisions) the documentation of significant and financially relevant processes and making senior management accountable. Criminal and civil penalties, including long jail sentences and large fines, seem to have gotten corporate executives’ attention.
As a result, whole departments have been created in larger organizations to assure compliance with the Act. This full-time effort often requires the painstaking identification and recording of procedures that can have a financial impact.
Similar documentation is a routine part of Oppenheim Consulting’s approach to identifying an organization’s risks and our reviews can form a solid foundation for any initial or subsequent Sarbanes-Oxley audit.
Contact us today for support in your Sarbanes-Oxley compliance program.
©2005 Oppenheim Consulting, LLC
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