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...
This year, companies and organisations are expected to spend $1.13bn on technology to comply with Sarbanes-Oxley. A section of the Sarbanes-Oxley Act took effect on Monday, part of new accounting regulations that promise to be a multimillion-dollar...
Under regulations such as Sarbanes-Oxley non-compliance can result in personal liability as well as fines and other punitive measures taken against their company and the individual responsible. Company directors have been reminded that a failure to...
Speaking on Thursday at the financial technology show FinExpo, Stephen Ashton, director of Global IT business management at the bank, said Sarbanes-Oxley was a knee-jerk reaction to corporate scandal that was costing companies "a fortune" to...
Like it or not, the clock is ticking for non-US companies that need to be compliant to one of the most talked-about elements of the Sarbanes-Oxley (SOX) Act established in 2002. The law requires affected businesses to comply by the end of their...
The implications of the recent cases of companies failing to comply with the FSA's strict IT security regulations should raise the level of concern for those firms going down the outsourcing route. Many firms subject to the US Sarbanes-Oxley...