The effects of Sarbanes-Oxley are far reaching and have become a top priority. With tougher corporate governance regulations existing to challenge poor accounting, ineffective internal controls and inferior business strategy, how are you going to ensure that whilst your Board members are aware of the implications of not complying with Sarbanes-Oxley, the rest of your management and general employees might not be. How can your staff be expected to make the right decision on corporate governance issues, if they have little or no guidance from the company itself? A survey by the Sarbanes-Oxley Forum* has shown that only 5.26 per cent of respondents are fully compliant with the legislation, with 47.37 per cent just beginning research into how their organisation should deal with Sarbanes-Oxley.
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