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Sarbanes-Oxley: Fourth and Final Extension
Sarbanes-Oxley was enacted in 2002, and since then small businesses have not let up in their complaints that the requirements were too costly and onerous for them to be able to comply with. The SEC has four times extended the…
Compliance: Traditional Backups Ill-Suited for Compliance
Nightly backups might fit in your category of being ‘good enough’ for managing the risk of data loss due to disaster or malfunction. But companies are finding that just the fact that they are doing backups can put them in…
Compliance: Sarbanes-Oxley's Grip on Internal Audits Loosens
Internal audit departments have hyper-focused on Sarbanes-Oxley since the legislation went into effect in 2002. The initial confusion around exactly what Sarbanes-Oxley entailed meant that many risk-adverse companies overdid efforts to ensure that they were within compliance. It hasn’t been…
Compliance: Legal Costs are Down, but Expected to Grow
Since the introduction of Sarbanes-Oxley more than five years ago, the corporate legal staff has grown and legal fees have continually increased. Now, somewhat surprisingly, with the threat of even more regulations on the horizon following the scandals and fiscal…
Compliance: Bigger than SOX
Take cover! More regulations are on the way. Gradually the pendulum had been slowly swinging towards less stringent enforcement of compliance after the shock of the enactment of SOX. As a result of the financial meltdown, regulators are working on…