Essentials of Sarbanes-Oxley by Sanjay Anand

By Sanjay Anand

  • What is the significance of Sections 302 and 404?
  • "Implementing" SOX utilizing COSO and COBIT
  • SOX's effect on overseas businesses andnonprofits
  • Achieving reasonably-priced sustainable compliance
  • The evolving position of the SEC and the PCAOB

Praise for necessities OF SARBANES-OXLEY

"Since its enactment in 2002, the Sarbanes-Oxley Act and its part 404 inner keep an eye on necessities have brought on many loads of 'pain and suffering!' With its emphasis on what Sanjay Anand often reminds us is the 'real world,' this booklet should still lessen a few of that ache because it presents a pragmatic and extremely practical procedure for an efficient implementation of Sarbanes-Oxley inner regulate approaches. The ebook has references to the hot adjustments in auditing criteria and emphasizes attaining sustainable compliance-practical and life like approaches."
Robert R. Moeller, President, Compliance & keep watch over structures, Inc.

"Sanjay Anand has supplied what each busy govt wishes, a concise assessment of Sarbanes-Oxley Act necessities. His ebook is an excellent reference textual content that i like to recommend to a person who must quick comprehend the substance of the Act."
Scott Green, leader management Officer Weil, Gotshal & Manges LLP

"If you're looking to place jointly some of the pieces-finance, accounting, audit, felony, IT, ethics-and comprehend the 'big photo' of the Sarbanes-Oxley Act, there is not any different booklet like this. With 'Tips & recommendations' and 'In the true global' examples, this ebook brings vigorous, useful, tangible, and compressible dimensions to a posh, multifaceted (and usually dry) topic. this can be crucial interpreting for these new to the method and previous arms going into their 3rd and fourth years of SOX. it is going to additionally aid these in different international locations adopting SOX-like inner controls and regulations."
Dr. Anthony Tarantino, Governance, danger, and Compliance middle of Excellence, IBM, monetary prone area, Silicon Valley and ny City

Written by way of Sanjay Anand, one of many world's major company governance, hazard administration, and regulatory compliance specialists, this straightforward to take advantage of booklet is designed with appreciation for difficult specialist responsibilities, with details constantly effortless to discover and at your fingertips. Essentials of Sarbanes-Oxley equips you with the data you and your entire corporation individuals have to begin a SOX venture, allocate the cheap, and support your organization in attaining compliance.

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Additional info for Essentials of Sarbanes-Oxley

Sample text

By combining reevaluation of old controls with the redesign of new ones, companies are able to create a comprehensive system in a cost-efficient manner.  More organized year-end process. Because SOX compliance forces companies to develop and integrate systems for document organization, it also keeps their financial records up-to-date and easily accessible. This additional attention and control in maintaining financial data and documents facilitates greater efficiency and better organization during the year-end process of SOXcompliant companies, thereby decreasing the costs and time associated with this process.

The goal of the Act is 23 Chapter 2: Introduction to the Sarbanes-Oxley Act that, in time, investors will forgive past transgressions and recover their faith in the companies they invest in. SOX also seeks to ensure the integrity of financial records in the sense that they are complete and representative. By requiring companies to present all relevant financial information, without exception, SOX hopes to eliminate fraudulent and erroneous reporting. Accuracy In addition to data integrity, SOX also seeks to ensure that the information that is reported is reliable and accurate.

S. S. citizens or foreign purchasers. S. markets, it also has significant implications that affect, both directly and indirectly, privately owned companies. SOX contains provisions regarding document retention, criminal fraud, and Employee Retirement Income Security Act (ERISA); these issues are relevant to both privately and publicly owned companies. Moreover, any privately held company that seeks venture capital funding, commercial loans, or initial public offerings or that will conduct significant business with a publicly traded company is directly affected by SOX.

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