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How To Dig Out From Under Sarbanes-Oxley

How To Dig Out From Under Sarbanes-Oxley

by Toby Lucich on June 30, 2005

The dirty little secret of the first Sarbanes-Oxley audit is that no one really knew what they were doing. Not the auditors, not the consultants, not you.

For Al Schmidt, vice president of IT for Arch Chemicals, that became painfully obvious during a September 2004 meeting in which his internal auditor, PricewaterhouseCoopers (PWC), and his external auditor, KPMG, discussed…auditing standards. (Sarbanes-Oxley mandates that companies have different internal and external auditors to avoid Enron-like conflicts of interest.)

How To Dig Out From Under Sarbanes-Oxley

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