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Sarbanes-Oxley: Lessons Learned

Sarbanes-Oxley: Lessons Learned

by Rick Turoczy on August 28, 2006

Many publicly traded companies are in their third year of dealing with the Sarbanes-Oxley Act (SOX)–the law that makes corporate executives responsible for the accuracy of their financial statements and for the internal controls that minimize errors and reduce fraud.

After going through the rigorous process of documenting and testing those controls, such as the segregation of duties and appropriate access to financial systems, many of these companies-including insurers-spent far more on the effort than they ever imagined.

Sarbanes-Oxley: Lessons Learned

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