Compliance Sarbanes Oxley

Can anyone tell me what if any requirements there are relative to email and/or disater recovery and co-locattion facilities from a Sarbanes-Oxley compliance perspective?

While many public companies have increased the attention they place on having adequate disaster recovery and data-backup plans because of theoretical Sarbox concerns, I don’t believe Sarbox has specific requirements per se on email and disaster recovery.

Sarbox primarily (1) prohibits certain kinds of actions (officer loans, using auditors for non-audit services without pre-approval) and (2) requires more stringent internal controls and procedures (mostly relating to insuring prevention of fraud in financial statements). Unless your auditors require you to show that there are adequate disaster recovery plans as a condition to certifying you have adequate internal controls and procedures (which I don’t think is the case), I don’t think it bears directly.

There should be a web site that explains it.

I am an accounting major and I think accountants and auditors are in greater demand because of this act. If it were done away with it could effect the market for accountants.

1. Ask your instructor to cite a source for this, and check it out.

2. Auditors are in greater demand because of sarbanes oxley. Meanwhile SOX costs companies millions, and hasn’t prevented the financial crisis. It might be better for the economy if SOX is modified to be less costly to business.

3. Accountants and auditors will always be in demand, with or without SOX.

Who watches the little guys?

There’s no exact equivalent – but the IRS has a certain tendency to audit private firms who are perhaps trying to naively enter some famous accounting misrepresentations into their books.

Penalties are quite large for the unethical ‘little guys’ too!

I’d like to know two things in particular:
1. What corporate scandals happened after the Sarbanes-Oxley Act was passed.
2. Were these scandals in violation of the Sarbanes-Oxley Act or were they result of unrelated legal/ethical violations?

special consideration given to those use & proper cite specific data. Thanks for your help.

Having trouble with your homework?

Is it a must that companies utilize workflow to maintain compliance?

Read and learn.

A. Because there is only a single copy of the data for all users, authoritative statements are not easily verified.

B. Because there is only a single copy of the data for all users, authoritative statements are not easily verified.

a and b are the same………

Because data can be changed……SOX requires that business data be readable and not changeable by just ANYONE…….all changes to business data must be done through a program which enforces business rules and user authority to such data.

What is he referring to with regards to the Federal Reserve and release of credit to the market?

The crooks [those opposed to sarbanes oxley] are now squealing like pigs wouldn’t you know.

Best advise;

Cramer is an entertainer who does not belong on any corporate board…

Was Finance spreadsheets the biggest issue? Was Human Resources helpful in bringing the human element into focus? Did IT have many issues? What about risk control, quality control?

most issues were IT related, the CFO and CEO needed to certify the accounts were correct and they needed to have a reporting system for that.

The risk control and quality control are in fact minor issues, risk control is not realy prescribed, only the documentation of the risk is prescribed (bakc to IT), quality control (of the products, not of the books) is not even related to SOX.

——–
If you want to ask me any questions, send me a message and include your own e-mail address.

During the 2001 recession. sarbanes oxley Act and McCain Feingold Act.

I dunno, Im only answering so I can come back and find out the real answer.
An adult observation from the time period: Dub-ya was always on TV saying ‘its getting better’ ‘its gettin good all over’ ’stuff’s gettin better’…Im not real sure where ‘its’ ‘all over’ and ’stuff’ was. Cuz pretty much everywhere I went things were kinda the same … Kinda get the same feeling listening to Obama too.