Compliance Sarbanes Oxley

• Managed Warehouse Tracking Project; consisting of RF Scanning location Solution

Created the General and Functional Requirements Specifications. Coordinated project and trained the VP of Logistics, 3rd party Consultant and the Warehouse User’s. Utilized the PSC Radio Frequency and Wireless Internet Browser Technologies.

• Managed E-Commerce Allocation and Shipping Project

Created the General and Functional Requirements Specifications. Coordinated project and Trained the Director of E-Commerce, the Fulfillment Managers, 3rd party Consultant and the E-commerce User’s. Implemented the Automated Packaging Systems and Internet Browser Technologies.

• Managed Sarbanes-Oxley Oracle Database Project

Created a Retek User Identity Profile to understand and communicate the System Accessibility for SO compliance. Coordinated project with all of the Retek User’s, the Database Administrator and the Development Team. All modifications were made to the Retek Enterprise System.

I’m not in your field, so I can only give generic advice based on my opinion and things I’ve been taught.

Remember: The resume does not get you the job! The resume is to get you an interview!

You only need enough detail in your resume to prove that you are qualified for the position. Usually this doesn’t require listing every single technology or product you’ve worked with, but it depends on the field. Certainly you don’t need to list every job you’ve ever had, only the most significant/relevant ones!

Be spare with your bullet points and descriptions. Nobody’s going to read everything you’ve got up there. Put in just enough info to describe the nature of the position you held. Focus only on one or two points of experience from that position which are most applicable to the job you’re applying for!

You want impact in your resume. It’s not an autobiography, it’s an advertisement.

Trim it down so someone scanning with their eyes sees enough to say to themselves, "Yes, I’d like to meet this person."

Also, focus on one or two MAJOR accomplishments of your career, to showcase your best work (and ability to produce good work) and to provide a talking point the interviewer can use during the interview.

A resume should be one (1) page only, unless you’re in an industry that requires you to list your publications, patents held, or specific software/technique/certification credentials that may be a lengthy list on a second page.

I am into Governance and Compliance and would like to take some certification exams. I know of ITIL,COBIT,Prince 2,CISA,CISSP but was wondering if other certificates are worth it or are they just for training purposes. sarbanes oxley cetification, MIFID, PCI,AML . I know there is no formal certification for sarbanes Oxley so was wondering why are training companies offering certificates on it and if so is it worth doing this type of certifications?

Look into the American Military University. It is an online college used to help Marines overseas earn degrees. You do not need to be in the service to attend. The school is actually very well priced and they offer many certifications Check it out they offer very cool degrees and classes are great. Here is the link good luck friend.www.AMU.APUS.edu

Fourteen of 180 publicly traded business services companies failed a test for compliance with Sarbanes-Oxley requirements for financial records and fraud protection.

A. Assuming that these are a random sample of all publicly traded companies, construct a 95 percent confidence interval for the overall noncompliance proportion.

B. Why might this statistic not apply to all sectors of publicly traded companies? (e.g. aerospace and defense)

A).
Let p be the true proportion of all publicly traded companies who failed a test for compliance. Then let ^p to denote the sample proportion of all publicily traded companies for non-compliance.

In this case,
n = 180.
^p = The sampled proportion of this random selected sample = 14/180 = 0.0778
The coefficient of confidence = 95%
i.e. (1 – ?)% = 95%
1 – ? = 0.95
? = 0.05

Since both n^p = 180 * (14/180) = 14 and n(1-^p) = 180* [1-(14/180)] = 166 are both at least greater than 5, then n is considered to be large and it is appropriate to use the z distribution to estimate the true overall noncompliance proportion of all publicily traded companies, p in this case.

So, a 95% confidence interval for the overall noncompliance proportion
= [^p (+-) Z?/2 * ?[^p(1-^p)/n]
= [0.0778 (+-) z(0.05/2) * ?[0.0778(1-0.0778)/180]
= [0.0778 (+-) z0.025 * ?[0.0778(1-0.0778)/180]
= [0.0778 (+-) 1.96 * ?[0.0778(1-0.0778)/180]
= [0.0778 (+-) 0.01996]
= [0.05784, 0.09776]
or
= [5.784%, 9.776%]

B).
Because this static is calculated based on a random sample of business services sector of publicly traded companies only.

A Greater Boston Chamber of Commerce study released back in 2006 says the new Sarbanes-Oxley law imposes "expensive compliance burdens on small companies, such as biotech and life science firms that are crucial to the future of the Massachusetts economy".
"While Sarbanes-Oxley was designed to improve corporate governance and accountability, the law’s unexpectedly high compliance costs could divert the limited resources of a small firm away from innovation and growth", said chamber chief executive Paul Guzzi, who recommends that the law’s compliance requirements for small companies be revised.
Start-ups that might otherwise consider selling shares to the public might delay an initial public stock offering because of compliance costs imposed by the law on publicly traded companies.

Do you think there should be different laws to firms depending on their size? Also, do you think there should be some other important characteristics, besides size, that need to be taken into consideration when imposing Sarbanes-Oxley requirements?

No, I think the laws should be uniform within a given industry. The fact that a company is "small" or "large" has no bearing on the product it produces, etc. If the burden is too onerous for a particular company, it should find another field of business.

i want to have details of academic research and audit questionnaire on SOX compliance can anyone hellp

It’s a pain in the A s s, and a waste of time. It is legislation that was enacted in the US after Enron that was intended to make certain publicly traded companies didn’t end up like Enron. The problem is, the C** level people can still screw with the books and pilfer the coffers, and the SOx crap hinders the worker bees, and when was the last time you heard of a worker bee pilaging a company.

I think it is also like that ISO crap in the early 90’s, y2k in the late 90’s a way for underacheiving consulting companies to keep their hands in the pockets of big corporations.

I have just joined a company with the business rule for email accounts of using the employee’s first name. This is communicated as a sarbanes oxley compliance issue. In 20 years of business, everyone knows me by my middle name and all previous email accounts and other communications have reflected this. Will the SSA allow me to obtain a card without my first name? If so, payroll can correct my profile and the email address can be revised.

Your legal name will be shown on the card. Additionally, when you file your tax return, if it does not match the name on your Social Security card, you will get a letter from the IRS to straighten the matter out with SSA. The W-2 forms issued by your company must match the signature on your tax forms. So you can either legally change your name to your middle name, or change your payroll records at work. Also make sure all 1099’s from bank interest match your Social Security card.

Hope this helps.

And are large technology companies lobbying to NOT repeal SOX in order to continue profiting from selling compliance software specific to SOX?

http://www.cato.org/pub_display.php?pub_id=6624

http://www.marketwatch.com/news/story/its-time-repeal-sarbanes-oxley/story.aspx?guid=%7B5EA568D5-6DE9-4AB8-AF93-7FD86647A8CB%7D

I never realized hat SO hurts small businesses considering that it was designed for publicly traded companies, or at least SEC monitored companies??? Hm…

In short, SO is a world of hurt for every public company involved, but lack of confidence of balance sheets is ultimately was caused this issue…. Until time where the marketplace is able to put in procedures that allow it to effectively police itself, SO will remain no matter what president there is…

Or some really simple reference available? A co-worker keeps quoting "sox compliance" and I want to be able to reference the source she is quoting.

As a matter of fact, there is!

http://www.amazon.com/Sarbanes-Oxley-Dummies-Business-Personal-Finance/dp/0471768464

I think I’ll buy one myself, I work in accounting and we get a lot of these quotes throughout the day as well. Very frustrating when they don’t make it clear what the rules are.

The author of the book also has a website with a message board:

www.abtechlaw.com (click the SOX tab) You can get answers to your questions from attorneys, auditors, governance officers and other SOX professionals.

Do you think this will be an effective solution or just create
additional compliance paperwork?

It does not address accounting issues or accounting standards.It deals with interal controls over finanical reporting,auditor independence,audit committees,the establishment of PCAOB..etc.

I think it is a good step to protect investors although it is a costly one.

I hope so. We just went through an audit and we seem to be okay. (so far)