Comments on: Not Everyone Hates SarbOx http://www.sox-center.com/2007/01/23/not-everyone-hates-sarbox/ Sarbanes-Oxley Compliance Blog - SOX simplified! Sat, 19 May 2012 07:26:00 +0000 http://wordpress.org/?v=2.0.4 by: Subhash Manchanda, CIA http://www.sox-center.com/2007/01/23/not-everyone-hates-sarbox/#comment-330 Wed, 24 Jan 2007 14:29:09 +0000 http://www.sox-center.com/2007/01/23/not-everyone-hates-sarbox/#comment-330 It's the begining, if and when implemented in true spirit of the Act - not only the investors, but all the stakeholders will be imensely benefited since the Act introduce STRUCTURE OF COPRATE GOVERNANCE AND RISK MANAGEMENT. Lastly, it is not at all expensive to implement as is being publicized. If one takes TOP DOWN RISK APPROACH, and draws the matrics of enterprise risks, one needs to focus only on pontetial risks of material nature. This Act will overhaul the entire corporate structure - the organisation, management and control by risks. It’s the begining, if and when implemented in true spirit of the Act - not only the investors, but all the stakeholders will be imensely benefited since the Act introduce STRUCTURE OF COPRATE GOVERNANCE AND RISK MANAGEMENT.

Lastly, it is not at all expensive to implement as is being publicized. If one takes TOP DOWN RISK APPROACH, and draws the matrics of enterprise risks, one needs to focus only on pontetial risks of material nature.

This Act will overhaul the entire corporate structure - the organisation, management and control by risks.

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