Compliance Sarbanes Oxley http://compliancesarbanesoxley.com Compliance Sarbanes Oxley, A Resource Guide for New and Established Businesses Requiring Sarbanes Oxley Compliance Mon, 15 Mar 2010 22:28:01 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 How to determine if an application is SOX (Sarbanes Oxley) compliant? http://compliancesarbanesoxley.com/sarbanes-oxley/how-to-determine-if-an-application-is-sox-sarbanes-oxley-compliant http://compliancesarbanesoxley.com/sarbanes-oxley/how-to-determine-if-an-application-is-sox-sarbanes-oxley-compliant#comments Mon, 15 Mar 2010 22:28:01 +0000 admin http://compliancesarbanesoxley.com/sarbanes-oxley/how-to-determine-if-an-application-is-sox-sarbanes-oxley-compliant
It should be evaluated following CobiT standards, linked below

]]> http://compliancesarbanesoxley.com/sarbanes-oxley/how-to-determine-if-an-application-is-sox-sarbanes-oxley-compliant/feed 1 Does the Sarbanes-Oxley Act provide for government accounting standards? http://compliancesarbanesoxley.com/sarbanes-oxley/does-the-sarbanes-oxley-act-provide-for-government-accounting-standards http://compliancesarbanesoxley.com/sarbanes-oxley/does-the-sarbanes-oxley-act-provide-for-government-accounting-standards#comments Sat, 13 Mar 2010 23:37:12 +0000 admin http://compliancesarbanesoxley.com/sarbanes-oxley/does-the-sarbanes-oxley-act-provide-for-government-accounting-standards Is there a sister act that covers government accounting?

No Sarbanes-Oxley is only for corporations with publicly traded shares.

There is no similar statute for government accounting, but there are government standards established by the accounting industry. The Government Accounting Standards Board. Their standards are analogous to GAAP for private companies. See the link below.

]]> http://compliancesarbanesoxley.com/sarbanes-oxley/does-the-sarbanes-oxley-act-provide-for-government-accounting-standards/feed 1 What does the sarbanes oxley act restrict ? http://compliancesarbanesoxley.com/sarbanes-oxley/what-does-the-sarbanes-oxley-act-restrict http://compliancesarbanesoxley.com/sarbanes-oxley/what-does-the-sarbanes-oxley-act-restrict#comments Fri, 12 Mar 2010 01:22:05 +0000 admin http://compliancesarbanesoxley.com/sarbanes-oxley/what-does-the-sarbanes-oxley-act-restrict what exactly does is do and why ?

go on wikipedia

]]> http://compliancesarbanesoxley.com/sarbanes-oxley/what-does-the-sarbanes-oxley-act-restrict/feed 2 how to become a sarbanes oxley analyst? http://compliancesarbanesoxley.com/sarbanes-oxley/how-to-become-a-sarbanes-oxley-analyst http://compliancesarbanesoxley.com/sarbanes-oxley/how-to-become-a-sarbanes-oxley-analyst#comments Tue, 09 Mar 2010 22:23:04 +0000 admin http://compliancesarbanesoxley.com/sarbanes-oxley/how-to-become-a-sarbanes-oxley-analyst would a graduate certificate in Accounting due? or do i need a masters in accounting?

To answer your question, either could would probably give you what you need… which boils down to a foot in the door, so that you can work at a company that needs to comply with SOX requirements. The best place to learn about this sort of stuff is in the real world, not in a classroom.

A question back at you: why do you want to specifically become a SOX expert? If you focus on this too much, there’s a risk that you’ll become redundant when the regulations change again, which seems to happen every few years. And along these same lines, the latest talk I’ve heard is that people are pushing for relaxation of SOX requirements anyway, as they’re impacting US firms’ ability to compete with European and Asian companies… might be just talk, but you never know…

]]> http://compliancesarbanesoxley.com/sarbanes-oxley/how-to-become-a-sarbanes-oxley-analyst/feed 2 Sarbanes-Oxley compliance relative to email and disaster recovery? http://compliancesarbanesoxley.com/sarbanes-oxley/sarbanes-oxley-compliance-relative-to-email-and-disaster-recovery http://compliancesarbanesoxley.com/sarbanes-oxley/sarbanes-oxley-compliance-relative-to-email-and-disaster-recovery#comments Mon, 08 Mar 2010 01:20:27 +0000 admin http://compliancesarbanesoxley.com/sarbanes-oxley/sarbanes-oxley-compliance-relative-to-email-and-disaster-recovery 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.

]]> http://compliancesarbanesoxley.com/sarbanes-oxley/sarbanes-oxley-compliance-relative-to-email-and-disaster-recovery/feed 1 How is the Sarbanes-Oxley Act affects auditor services that an auditor can provide to its audit clients? http://compliancesarbanesoxley.com/sarbanes-oxley/how-is-the-sarbanes-oxley-act-affects-auditor-services-that-an-auditor-can-provide-to-its-audit-clients http://compliancesarbanesoxley.com/sarbanes-oxley/how-is-the-sarbanes-oxley-act-affects-auditor-services-that-an-auditor-can-provide-to-its-audit-clients#comments Sat, 06 Mar 2010 00:40:10 +0000 admin http://compliancesarbanesoxley.com/sarbanes-oxley/how-is-the-sarbanes-oxley-act-affects-auditor-services-that-an-auditor-can-provide-to-its-audit-clients
There should be a web site that explains it.

]]> http://compliancesarbanesoxley.com/sarbanes-oxley/how-is-the-sarbanes-oxley-act-affects-auditor-services-that-an-auditor-can-provide-to-its-audit-clients/feed 1 My instructor told me that Obama wants to do away with all or part of the Sarbanes Oxley Act. Is this true? http://compliancesarbanesoxley.com/sarbanes-oxley/my-instructor-told-me-that-obama-wants-to-do-away-with-all-or-part-of-the-sarbanes-oxley-act-is-this-true http://compliancesarbanesoxley.com/sarbanes-oxley/my-instructor-told-me-that-obama-wants-to-do-away-with-all-or-part-of-the-sarbanes-oxley-act-is-this-true#comments Thu, 04 Mar 2010 00:23:03 +0000 admin http://compliancesarbanesoxley.com/sarbanes-oxley/my-instructor-told-me-that-obama-wants-to-do-away-with-all-or-part-of-the-sarbanes-oxley-act-is-this-true 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.

]]> http://compliancesarbanesoxley.com/sarbanes-oxley/my-instructor-told-me-that-obama-wants-to-do-away-with-all-or-part-of-the-sarbanes-oxley-act-is-this-true/feed 2 What is the equivalent of the Sarbanes-Oxley Act for privately-held companies? http://compliancesarbanesoxley.com/sarbanes-oxley/what-is-the-equivalent-of-the-sarbanes-oxley-act-for-privately-held-companies http://compliancesarbanesoxley.com/sarbanes-oxley/what-is-the-equivalent-of-the-sarbanes-oxley-act-for-privately-held-companies#comments Mon, 01 Mar 2010 21:32:30 +0000 admin http://compliancesarbanesoxley.com/sarbanes-oxley/what-is-the-equivalent-of-the-sarbanes-oxley-act-for-privately-held-companies 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!

]]> http://compliancesarbanesoxley.com/sarbanes-oxley/what-is-the-equivalent-of-the-sarbanes-oxley-act-for-privately-held-companies/feed 1 What corporate scandals have occurred since the Sarbanes-Oxley Act? http://compliancesarbanesoxley.com/sarbanes-oxley/what-corporate-scandals-have-occurred-since-the-sarbanes-oxley-act http://compliancesarbanesoxley.com/sarbanes-oxley/what-corporate-scandals-have-occurred-since-the-sarbanes-oxley-act#comments Sat, 27 Feb 2010 20:35:15 +0000 admin http://compliancesarbanesoxley.com/sarbanes-oxley/what-corporate-scandals-have-occurred-since-the-sarbanes-oxley-act 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?

]]> http://compliancesarbanesoxley.com/sarbanes-oxley/what-corporate-scandals-have-occurred-since-the-sarbanes-oxley-act/feed 1 What is the connection in Sarbanes-Oxley to SAP workflow? http://compliancesarbanesoxley.com/sarbanes-oxley/what-is-the-connection-in-sarbanes-oxley-to-sap-workflow http://compliancesarbanesoxley.com/sarbanes-oxley/what-is-the-connection-in-sarbanes-oxley-to-sap-workflow#comments Thu, 25 Feb 2010 23:21:14 +0000 admin http://compliancesarbanesoxley.com/sarbanes-oxley/what-is-the-connection-in-sarbanes-oxley-to-sap-workflow Is it a must that companies utilize workflow to maintain compliance?

Read and learn.

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