SOX Center

On April 10th, at 1:30 p.m. EST, join OiWare’s CEO Alec Brophy for a 30-minute Web cast with an interactive discussion .

Join OiWare’s CEO Alec Brophy 30 Minute Web cast with an interactive discussion will highlight:

- Market trends and developments
- Vision on the market and positioning of OiWare
- Concerns for executives
- The need for a Sarbanes-Oxley and corporate governance solution

Register at:www.oiware.com

By December 15, 2007, all public companies with yearly revenues totaling $75,000,000 or less are mandated to comply with section 404(a) of the Sarbanes-Oxley (SOX) Act of 2002. Section 404(a) holds management responsible for internal control procedures Section 404(a) which requires these non-accelerated filer’s to complete documentation of internal controls and procedures for financial reporting.

Software vendors are creating new and revising old products to handle the Sarbanes-Oxley compliance, while auditors try to keep from drowning in the workload. In many cases, organizations are using the software products they know rather than adopting new products that can increase their productivity and help them reduce costs and work hours. Typically, clients are tracking their significant accounts and processes in either a relational database or in a simple Excel-based spreadsheet. A survey of SOX compliance implementers noted that 88.9 percent of the respondents were using generic products such as Excel, Access or Visio to complete SOX related tasks. Companies can save valuable time and money resources by instead implementing software applications designed specifically for SOX compliance.