Comments on: What is Sarbanes Oxley compliance ? http://compliancesarbanesoxley.com/compliance-sarbanes-oxley/what-is-sarbanes-oxley-compliance Compliance Sarbanes Oxley, A Resource Guide for New and Established Businesses Requiring Sarbanes Oxley Compliance Sat, 04 Sep 2010 06:30:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: linkUS http://compliancesarbanesoxley.com/compliance-sarbanes-oxley/what-is-sarbanes-oxley-compliance/comment-page-1#comment-116 linkUS Fri, 27 Nov 2009 08:07:59 +0000 http://compliancesarbanesoxley.com/compliance-sarbanes-oxley/what-is-sarbanes-oxley-compliance#comment-116 A bag of worms, don't open it. S-O compliance is the protection of financial data and auditing of the data so enron won't happen again. It makes companies do crazy things that it feels are compliance because the law is vague. Don't go there.<br><b>References : </b><br> A bag of worms, don’t open it. S-O compliance is the protection of financial data and auditing of the data so enron won’t happen again. It makes companies do crazy things that it feels are compliance because the law is vague. Don’t go there.
References :

]]> By: Bronzebeardanswerer http://compliancesarbanesoxley.com/compliance-sarbanes-oxley/what-is-sarbanes-oxley-compliance/comment-page-1#comment-115 Bronzebeardanswerer Fri, 27 Nov 2009 07:28:59 +0000 http://compliancesarbanesoxley.com/compliance-sarbanes-oxley/what-is-sarbanes-oxley-compliance#comment-115 Sarbanes-Oxley is a law passed in 2002 in the wake of US corporate scandals. It imposes a set of requirements on US companies, mostly applicable to registered and listed US companies, including prohibitions on insider loans, more stringent independent director and independent directors on key committees (exec. comp, for instance), more stringent independent auditor requirements (and lead partner independent auditor rotation) and the implementation of internal controls and procedures as well as related certifications of the efficacy of those internal controls and procedures. The implementation of internal controls and procedures (the so called 404) and the accompanying external certification required in the public company's annual report (10-K) has resulted in a great deal of expense and trouble for many US companies and the implementation of 404 was delayed for over a year but is now coming into full effect.<br><b>References : </b><br>www.sec.gov Sarbanes-Oxley is a law passed in 2002 in the wake of US corporate scandals. It imposes a set of requirements on US companies, mostly applicable to registered and listed US companies, including prohibitions on insider loans, more stringent independent director and independent directors on key committees (exec. comp, for instance), more stringent independent auditor requirements (and lead partner independent auditor rotation) and the implementation of internal controls and procedures as well as related certifications of the efficacy of those internal controls and procedures.

The implementation of internal controls and procedures (the so called 404) and the accompanying external certification required in the public company’s annual report (10-K) has resulted in a great deal of expense and trouble for many US companies and the implementation of 404 was delayed for over a year but is now coming into full effect.
References :
http://www.sec.gov

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