{"id":547,"date":"2008-03-06T07:00:18","date_gmt":"2008-03-06T15:00:18","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=547"},"modified":"2008-03-06T07:00:18","modified_gmt":"2008-03-06T15:00:18","slug":"sarbanes-oxley-10-challenges","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/sarbanes-oxley-10-challenges\/","title":{"rendered":"Sarbanes-Oxley: 10 Challenges"},"content":{"rendered":"

Small public companies can be challenged with coming to terms with the requirements of Sarbanes Oxley.
\nTimer is running out this year as 10-K filings are due to the SEC on March 30th.
\nLord & Benoit<\/a> came up with the top 10 risks to small public companies should be looking out for in trying to achieve compliance:<\/p>\n

    \n
  1. Accounting and disclosure controls<\/li>\n
  2. Treasury<\/li>\n
  3. Competency and training of accounting personnel<\/li>\n
  4. Control environment<\/li>\n
  5. Design of controls or lack of effective compensating controls<\/li>\n
  6. Revenue recognition<\/li>\n
  7. Financial closing process<\/li>\n
  8. Inadequate account reconciliations<\/li>\n
  9. Information technology<\/li>\n
  10. Consolidations, mergers, and intercompany accounts.<\/li>\n<\/ol>\n

    The study is a result of their survey of 148 public companies with revenues of $100 million and under.<\/p>\n

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    Small public companies can be challenged with coming to terms with the requirements of Sarbanes Oxley. Timer is running out this year as 10-K filings are due to the SEC on March 30th. Lord & Benoit came up with the…<\/span><\/p>\n

    Read more ›<\/a><\/div>\n

    <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-547","post","type-post","status-publish","format-standard","hentry","category-sarbanes-oxley"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=547"}],"version-history":[{"count":0,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/547\/revisions"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}