Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
UK Sarbanes-Oxley is just a matter of time warns Venesis

UK Sarbanes-Oxley is just a matter of time warns Venesis

by Rick Turoczy on April 18, 2005

Whilst businesses in the US prepare for the implementation of Section 404 of the Sarbanes-Oxley Act on the 15th July, the UK must brace itself for similar levels of accountability, predicts Adrian Giles, Senior Partner of UK business venture specialists, Venesis.

The Sarbanes-Oxley Act was implemented to improve the transparency with which Public companies in the US conduct their business, by imposing strict levels of corporate governance.

As the UK moves towards similar levels of corporate governance, a Sarbanes-Oxley style regime may be implemented in this country if the Company Law Reform ‘White Paper’ is any guide. UK businesses will be subjected to penalties tougher than the US Sarbanes-Oxley for breach of accounting offences.

UK Sarbanes-Oxley is just a matter of time warns Venesis

Leave a Comment

Previous post:

Next post: