Filed in archive
SOX
by leon on September 11, 2008
Time and time again, the deadline for smaller companies to comply with Sarbanes-Oxley has been pushed back. Now there's a new study that might leave you asking one question: what's the point?
The Lord&Benoit study has found that most small companies failed to take advantage of the SOX deadline extensions. According to the study one in three (34%) non-accelerated filer companies gave little or no consideration to the Section 404 (a) delays and therefore completed assessments at the last minute or not all. Indeed, 12% either filed a faulty report or disclosed inadequate segregation of duties without any evidence of
complying and 7% didn't even bother filing.
The findings suggest there are many out there not taking Sarbanes-Oxley that seriously and giving it the ostrich treatment.
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/133625
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Small companies give SOX delays the ostrich treatment:
|
Rating: 9.00 out of 2 vote(s) cast.
|
Response from:
ostrich
Bookmarked your post over at Blog Bookmarker.com!
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
