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SOX
by leon on December 31, 2005

On the plus side, Forbes reports that the bigger companies say they are becoming more savvy about Sarbanes-Oxley compliance. Financial managers claim that they are using 404 compliance as an opportunity to improve, streamline and centralise reporting processes across business functions and geographies, and compliance managers say they are becoming better at working out what to scrutinise. Director of the financial compliance group at Microsoft, Sean Gates, says: "We are becoming smarter about what's really relevant to our SOX 404 assertion."
Trouble is not every business is Microsoft. The big question is whether Sarbanes-Oxley will start delivering gains, instead of extra costs and headaches, for smaller companies. Don't hold your breath.
Permalink: SOX: pain and gain
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