The Sarbanes-Oxley Act (SOX) impacts directly on companies that are listed on the US stock exchanges, but it has standard setting implications for any company that may go pubic or that might be acquired by a public company. I was recently contacted by an Australia based Business Analyst whose company is getting privatized with 50% [...]
Looking at the world economic slowdown, do you think the compliance regulations like SOX, CLERP 9, Bill 198, JSOX, Clause49 or similar regulations would require further amendments? So far what I have learnt is that, SOX does not define uniform principles, standards, or report forms for the examination of public companies. Ultimately we have to [...]
Ok so let’s start with SOX Sections related to Internal Controls and Disclosure. After the SOX legislation came into existenance, A significant amount of attention was given to Section 302 (Disclosure) and Section 404 (Internal Controls). Sarbanes-Oxley Sections 302 and 404 are specifically designed to ensure information required to be disclosed is initiated, processed, recorded, [...]
Last Wednesday, I had some healthy discussion with Ankur Tandon about his perspective on SOX and Internal Controls. Its’ been almost a week, that I was thinking about writing what we discussed on a busy scrum day. About Ankur Tandon: Ankur Tandon is a key developer of SAP Enterprise Risk management solution. He can be described as a person [...]
An effective internal control is the basic foundation of safe and sound organizational financial policy. Internal control means different things to different people.
Posted on Nov 11, 2007 Summary: An effective internal control is the basic foundation of safe and sound organizational financial policy, indeed it’s now the law (Section 404 and Section 302 of SOX). This blog introduces you to Sarbanes Oxley Act of 2002 specifically covering Section 302 (Disclosure) and Section 404 (Internal Controls), COSO, COBIT Control framework. [...]
SAP SDN Contributions
Recent Comments