Every year, public companies can spend millions of dollars on their Sarbanes-Oxley (SOX) compliance programs. While some compliance costs are unavoidable, others are non-value-added, meaning they expend resources such as time, money and effort without fulfilling particular legal obligations or improving the efficiency of the program.
The key to a highly effective SOX compliance program is to eliminate non-value-added compliance costs while maximizing the efficacy of the people, policies, procedures, systems and controls that do contribute value. This can be achieved through the development of a sustainable, repeatable and cost-effective SOX compliance program.
Cementing better SOX compliance habits
In this eBook, you will learn the six fundamental habits that all successful SOX programs have in common. Additionally, you will acquire high-level guidance for how to:
- Improve the corporate culture around SOX compliance.
- Enhance coordination among key stakeholders.
- Adapt more fluidly to company changes that affect SOX workflows.
- Avoid extraneous cost centers or resource drains.
- Implement and maintain policies, procedures and controls that add value to the SOX compliance program and the company as a whole.
By cultivating strong, company-wide SOX compliance habits, CFOs and other finance leaders can lay the foundation for a highly effective program that is significantly easier to maintain and far more cost-effective in the long run.
Management, in turn, will have time back in their day to focus on strategy, growth and the future of the company.