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Stolen Thunder: Sarbanes-Oxley, or Why Accountants Are Happy

Stolen Thunder: Sarbanes-Oxley, or Why Accountants Are Happy

by Rick Turoczy on February 17, 2005

I went to a seminar about the Sarbanes-Oxley (SOX) legislation this morning. Interesting stuff, if you’re into Risk Analysis, Congress, and Auditors Gone Wild….

If you’re an accountant, you love SOX. Especially if you are an auditor by profession, and love the intracacies of Forensic Accounting (like a coroner, except in this case the corpse is from a deceased corporation). Basically, three of the key tenets of SOX are that all publically traded companies must follow consistent policies, maintain full, truthful and timely documentation, and report honestly to audits. The way this is done, is for companies to listen to their Risk Managers, and to give them the control necessary to meet the law’s demands.

Stolen Thunder: Sarbanes-Oxley, or Why Accountants Are Happy

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