{"id":2312,"date":"2011-08-09T07:00:58","date_gmt":"2011-08-09T15:00:58","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=2312"},"modified":"2011-08-09T07:00:58","modified_gmt":"2011-08-09T15:00:58","slug":"compliance-nine-years-of-sarbanes-oxley","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/compliance-nine-years-of-sarbanes-oxley\/","title":{"rendered":"Compliance: Nine years of Sarbanes-Oxley"},"content":{"rendered":"

Nine years after the Senate merged their \u201cPublic Company Accounting Reform and Investor Protection Act\u201d with the House\u2019s \u201cCorporate and Auditing Accountability and Responsibility Act\u201d, the law remains a center of debate. \u00a0 July 30th marked the 9 year anniversary<\/a> of SOX. The Sarbanes-Oxley Act requires publicly-traded companies to assess the quality of their internal controls and then have auditors review the adequacy of their assessment. \u00a0This part of the code, known as Section 404, causes much pain for companies to implement. \u00a0Some of the pain has been eased by the fact that recently the Public Company Accounting Oversight Board clarified the rather murky requirements of the original language of SOX. Despite the continued debate and complaints about the costs of implementation, surveys have found that overall Sarbanes-Oxley has been effective. \u00a0A recent survey<\/a> by Privoti<\/a>, a risk and business consulting company, found the following results:<\/p>\n