White Papers for Sarbanes-Oxley (SOX)

Turn SOX Compliance into Cash: Link Sarbanes-Oxley Requirements to Business Improvement.

Oversight Systems

Sarbanes-Oxley demands quality in financial reporting. While the initial costs of SOX compliance have been extraordinarily high, companies can achieve a return on investment by approaching their SOX compliance with a mindset to drive quality throughout their financial operations. AMR Research estimates that companies will spend more than $6 billion in 2005 to comply with Sarbanes-Oxley. Forward-thinking executives view this as a $6 billion opportunity to improve their businesses.Companies can achieve a return on compliance spending by using SOX as a lever to improve business processes- processes mapped as part of their SOX documentation. This paper details specific ways that companies have reduced their ongoing compliance costs and increased the quality of their financial operations to truly turn compliance into cash.

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