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Earl Powers: What Comes After Sarbanes Oxley?

Earl Powers: What Comes After Sarbanes Oxley?

by Rick Turoczy on June 20, 2006

The Sarbanes Oxley Act was passed in 2002 to curb accounting abuses that led to the bankruptcy and financial ruin of several major companies, and the loss of billions of dollars to investors who have every right to expect their money to be safe. The Sarbanes Oxley Act is a major auditing nightmare for most companies, though no one is questioning its necessity.

When it was first implemented in 2002, almost every company’s finance and accounting related projects were delayed. Why? Tons of new paperwork was generated, and IT projects designed to track everything required by the Sarbanes Oxley Act had to be implemented as quickly as possible.

Earl Powers: What Comes After Sarbanes Oxley?

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