SOX-Migration last edited by
Sarbanes-Oxley: an industry created from nothing that creates nothing.
Except perhaps, frustration, bureaucracy and petty, nick-picking auditor mindsets.
IrquiM last edited by
My guess is that your company didn’t have good enough internal controls before you started the project, thus is gonna fail because you have to reinvent the wheel?
lekatis last edited by
No, it is not just frustration and trouble. Do not forget what has happened:
Enron, Arthur Anderson, WorldCom became well known brand names for all the wrong reasons.
C level executives arrested, became common TV news fare.
Document destruction, misleading financial statements, employees losing their retirement funds, CEO misconduct
Corporate scandals arising frequently
Market confidence falling
Purpose of restoring investor confidence after public clamoring for corrective action.