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SAP Helps Customers Comply With Sarbanes-Oxley Act

SAP Helps Customers Comply With Sarbanes-Oxley Act

by Rick Turoczy on November 9, 2004

SAP AG (NYSE: SAP) today announced that SAP® software is helping companies meet Sarbanes-Oxley Section 404 financial reporting deadlines. Globally operating energy-service provider E.ON and California-based video game maker THQ, Inc. are among international companies using SAP’s financial reporting and compliance management applications to help them comply with the latest Sarbanes-Oxley Act mandate, which compels certain public companies to meet Section 404 requirements by November 15, 2004. The announcement was made at the Association of Financial Professionals (AFP) Conference, being held in San Diego, California, November 7 – 9.

SAP® software for managing compliance with the Sarbanes-Oxley Act works with the data analysis, reporting, financial consolidation and risk management capabilities in mySAP(TM) ERP to provide a complete, integrated solution for ongoing Sarbanes-Oxley-compliant accounting, reporting and compliance process management. SAP customers are using these key components of mySAP ERP to help them manage internal controls in order to facilitate their compliance with Section 404, a major provision of the Sarbanes-Oxley Act, requiring that management report annually on the effectiveness of internal controls for financial reporting and that external auditors confirm management’s assessment.

SAP Helps Customers Comply With Sarbanes-Oxley Act

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