Public companies must certify their compliance with a key section of the Sarbanes-Oxley Act when they close this year's books, noted JMP Securities analyst Patrick Walravens. New accounting regulations, such as Sarbanes-Oxley, could spell trouble...
Sarbanes-Oxley will, in theory, ensure companies have all possible data and have taken all reasonable measures to comply. Sarbanes-Oxley in her opinion is long overdue but at every stage of the legislative procedure and pawing section-by-section...
As companies face the difficult task of ensuring their email systems conform to the increasing number of corporate regulations such as Basel II and Sarbanes-Oxley, many may be tempted to hand the whole mess over to an outsourcing partner.
Last week, a key section of Sarbanes-Oxley kicked in, turning up the heat. That's because the regulations laid down in the Sarbanes-Oxley Act and other laws hold executives' feet to the fire, making them responsible for signing off on the accuracy...
According to Metzger, SAP is now undergoing half-year SOX 404 audits by its external auditor KPMG, and expects to obtain the first certification of compliance early next year. With the passing of the critical 15 July milestone for foreign companies...
Nevertheless, the fear of large fines for failure to comply with regulations, along with the risk of a damaged reputation, can encourage a global bank to spend more than $2m on an AML system. Cheat Sheets
♦ Basel II
♦ MiFID
♦ Sarbanes...