Information technology is not without its risks.
CFGI recently rounded up a few of its top Sarbanes-Oxley specialists to discuss all things SOX compliance on camera.
Every year, public companies can spend millions of dollars on their Sarbanes-Oxley (SOX) compliance programs.
The PCAOB defines a material weakness as, “a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.
In the past several years, it has been hard to miss the many stories of major businesses, politicians and public figures falling victim to malicious hacking and the release of confidential and sensitive personal or professional data.
In our highly competitive and increasingly connected world, we see broader adoption and growing use of complex information technology (IT) applications at companies in all industries.
OVERVIEW Timely, relevant, and accurate information – it is what every company desires.
OVERVIEW Long gone are the days when a signature and date on an account reconciliation was sufficient to satisfy the documentation and evidence requirements of a SOX audit.