At the beginning of the twenty-first century, the U.S. market and its investors were stunned by a string of corporate and accounting scandals. For several years, the Enron Corporation, an energy company, participated in a number of partnership transactions that lost the organization a substantial amount of money. In 2001, Enron reported that it had […]
Popularity: 67% [?]
Sarbanes Oxley Act of 2002 created because several reasons, below the major reason this list taken from from Wharton Financial Institutions Center, an independently managed site at the Wharton School of the University of Pennsylvania.
The environment triggering corporate scandals
Take over movement, equity compensation linked executives’ interest to the share price.
Motivations to meet market […]
Popularity: 55% [?]
Some of disadvantage of Sarbanes Oxley that will make you confuse. Here is the list. The original list of 5 reason why implementing SOX is difficult can be found here.
1. Multi interpretation statement
SOX RCM Guidance is multi interpretation. If you hire a person from ABC audit firm to help you design RCM, than after a […]
Popularity: 66% [?]
Since there is a lot of framework and methodology available, the company should choose the right framework and methodology that suitable for the company. Some guidance that could be used in these cases is the framework must:
1. Must be directed at the right target (more value from IT)
Since the target is for SOX compliance, the […]
Popularity: 61% [?]
Security Procedure Compliances Forum