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Interesting Report: 92 % of Public Companies’ Revenue Processes at Risk for Compliance Failures and Restatements

Posted By claudia On 28th August 2006 @ 15:31 In News, SOX | No Comments

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 found at [1] here.

Article printed from SOX Center: http://www.sox-center.com

URL to article: http://www.sox-center.com/2006/08/28/interesting-report-92-of-public-companies%e2%80%99-revenue-processes-at-risk-for-compliance-failures-and-restatements/

URLs in this post:
[1] here: http://www.revenuerecognition.com/article.cfm/7214146

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