SOX Center

German Financial News Portal Finanznachrichten says that regulators are working on adding a Anti-Sarbanes-Oxley clause to the merger deal between Euronext NV and NYSE Group. This clause may comprise that the deal would break up if someone attempt to apply the SOX reporting rules to companies listed on the combined group’s European exchanges. […]

American Society for Quality (ASQ) will be holding the 2nd Annual Sarbanes-Oxley Conference at October 24-26, 2006.
This will be a three day virtual event which allows to participate at the conference without having travel time and expense. This year the conference focuses on the integration of management systems in support of SOX compliance. […]

I found a really interesting report at RevenueRecongnotion.com which says that 92% of public companies are forced to rely on spreadsheets to fill vital gaps in their revenue reporting processes—despite the fact that spreadsheets are prone to errors, lack audit capabilities, and resist internal control.
The report “Enterprise Systems and Revenue Recognition: The Missing Link”can be […]

This week Big4Guy.com focuses on SOX and approaches to test automated controls in its entries.
See for yourself:

Categorizing Automated Controls for Sarbanes Oxley Testing
Five Tips for Testing Automated IT Controls
SEC News SOX 404 Relief for Non-Accelerated Filers

The Securities and Exchange Commission today issued two releases to grant smaller public companies and many foreign private issuers further relief from compliance with Section 404 of the Sarbanes-Oxley Act of 2002.The subjects are:
1. Ref from Section 404 Compliance Dates for Smaller Companies (Non-Accelerated Filers).
The Commission is proposing to grant relief to smaller […]

On July 30, 2002, the Sarbanes-Oxley Act became law — and since then there is discussion about the heavy costs resulting of a SOX conform implementation and documentation.
Neal Wolkoff, chairman and chief executive of the American Stock Exchange, for example lately wrote in the Financial Times: “many innovative companies are turning to foreign exchanges […]

Here at the Sarbanes-Oxley Act (SOX) blog we will be tracking the latest news about internal control over financial reporting in compliance with SOX.
This blog is set up to help you to keep up with the latest headlines on SOX and to sort through the maze of new products in the field of compliance, especially […]