Insights: Sarbanes Oxley (SOX) Compliance

History repeats itself. CFOs looking to reduce the cost of sustaining SOX compliance look no further than their Quality Management organization...

In the past, internal control was perceived as an arena reserved for accountants and controllers. Today chief executives and audit committees are required to confirm that an appropriate control environment exists...

Information technology has become a core enabler of business processes within the organizations today. As a result, companies are required to audit and validate their relevant IT systems to ensure that their business processes...

While many management teams, board of directors, audit committees see Sarbanes-Oxley Act of 2002 as an administrative and compliance exercise, we encourage companies to think outside-the-box and use the regulation as an excuse to improve business processes...

Over the last 12 months, we at MetricStream have informally and formally talked to number of professionals in quality, compliance, internal audit, SOX program office, finance & external audit...

IT systems play a critical role in ensuring the accuracy of a company's financial reports. As a result, validation of IT controls is a key part of Sarbanes-Oxley compliance initiative. However, in Year 1 most companies pursued IT control validation in a reactive manner...

According to a number of studies released recently, most companies have spent significantly more than they had budgeted on SOX 404 compliance.