The total average cost of Sarbanes-Oxley Section 404 compliance reached $1.7 million last year, according to a newly released survey. Financial Executives International polled 185 companies to gauge ...

Section 989G(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act required the Securities and Exchange Commission to conduct a study to determine how the SEC could reduce the burden of ...

Section 404 of the Sarbanes-Oxley Act leaves much to be interpreted when it comes to financial controls, and even more to be interpreted around required IT controls. One IT manager told me he thought ...

THE ASSESSMENT OF COMPANY-LEVEL CONTROLS is a critical part of complying with section 404 of Sarbanes-Oxley. The PCAOB says public companies must assess the design and operating effectiveness of these ...

Faced with a tidal wave of complaints about high costs and implementation difficulties, federal regulators say they will consider modifying rules and auditing standards related to the Sarbanes-Oxley ...

In the March 14 Opinion article, “Accountability's fear factor” (see page 4), Patrick Mannion asked if U.S. technological and corporate competitiveness in the global community has been handicapped by ...

Make no mistake about it: The Institute of Management Accountants supports the Sarbanes-Oxley Act. It has even said that the legislation was long overdue.But that doesn't mean that the IMA thinks SOX ...

For Tom Arnold and the information technology department at StorageTek, complying with the Sarbanes-Oxley Act has been expensive, confusing and never ending. The absence of clear guidance from ...

Section 404 of the Sarbanes-Oxley Act of 2002 requires a company to document and periodically test its internal controls and the company’s external auditors to offer an opinion on those controls.

Perhaps reform of the excessive cost and bureaucracy created by the Sarbanes-Oxley Act will be a bipartisan effort, just as the original act was a bipartisan overreaction to the scandals of its day.

Seeking relief from Sarbanes-OxleyMONTVALE – It s broke; let s fix it. That s how the Institute of Management Accountants (IMA) feels about the Sarbanes-Oxley Act (SOX), the federal law passed four ...

In light of recent high-profile corporate and accounting scandals, UK regulators are proposing the introduction of a new “SOX-Lite” regime, based on the US Sarbanes-Oxley Act of 2002 (SOX), with the ...