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SOX Life Blog: Going Once, Going Twice…

SOX Life Blog: Going Once, Going Twice…

by Toby Lucich on February 27, 2007

I really hope you aren’t still complaining about the gyrations AS2 causes.

While it has been the law of the Sarbanes Oxley landscape for the last several years, the last two months have given all SOX professionals and managers at publicly traded companies alike the opportunity to review and weigh in on a more effective way to live with this much needed discipline.

With the comment period closed, the considerable task of pondering everyone’s feedback falls to the SEC and PCAOB. It is interesting to review some of the feedback provided (i.e. FEI comments), and consider the many aspects of this regulation that must be weighed and balanced.

We’ve seen considerable changes in the last year, targeting refinement for small business – just in time, as it were. As I personally work with small business clients, I’m struck by the tremendous amount of work that needs to be done in an “offensive” sense, in as much that SOX compliance is about preparing the landscape from a “defensive” perspective. So much of the traditional SOX implementation requires focus on “ensuring that things are done right” that businesses still aren’t necessarily reviewing their process to ensure that they are “doing the right thing.”

SOX Life Blog: Going Once, Going Twice…

{ 1 comment… read it below or add one }

Anonymous March 9, 2007 at 12:31 am

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