SOX Center

Risk management is still not delivering the value that it should, despite a wave of regulatory reforms such as Basel II and Sarbanes Oxley, a new study by PricewaterhouseCoopers in co-operation with the Economist Intelligence Unit has found.

The firm questioned more than 400 financial services executives and found that despite considerable investment, risk managers are not very confident that ongoing efforts are very effective in adding value to the business.

Only 50% of the risk managers in the survey sample believed the function contributed substantially more value than it did three years ago.

AccountancyAge:PwC: Risk management not delivering value

This time I am delighted to pronounce the new sponsor of this blog: SOX Automation, Inc. The company offered their expertise to take part at SOX-Center.com.

I accepted this grateful opportunity to strengthen the content of the blog, and I am looking forward to a productive cooperation.

About SOX Automation, Inc:

SOX Automation is a business solutions company focused on helping fast-growth public and private companies succeed and address critical business requirements related to Sarbanes-Oxley compliance and internal control risk management.

SOX Automation´s applications enable you to manage the changing complexity of internal control management in a cost-effective and sustainable manner. Our service model supports growing enterprises that need a scalable internal audit solution that can be quickly implemented, easily deployed, and customized throughout the lifecycle of your organization.

We are uniquely positioned to optimize your investment in internal control and reporting software. Achieve better insight, gain greater control and discover a smarter path to financial compliance with SOX Automation.

All content, sponsored by SOX Automation, Inc will be marked as paid content.

American Society for Quality (ASQ) will be holding the 2^nd 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.

This event addresses particularly Executive Management, Risk Management, Financial and IT Manager and Auditors.