Desktops, Laptops and OS
Networking and Communications
Servers and Server OS
Software and Web Development
with other members or
your contacts to the community.
+ invite connections
an existing group to participate in the group discussions or
a new group of your own to create discussions around topics of interest to you and your work.
+ create group
new info to your ITmodelbook. You can find white papers, technology reports, business analysis, webinars, presentations and more. You can also share your own authored content and resources you like by adding this info.
+ add resource
Resources you may like
Fixed Asset Manager's Guide to Sarbanes-Oxley: Compliance Safeguards and Features in Sage FAS Fixed Asset Management Solutions
Share within ITmb
Share This Resource
Share with: Connections
Share with: Groups
In 2002, Congress passed new regulations designed to improve corporate governance of public corporations and reduce fraudulent corporate financial reporting. The US Public Company Accounting Reform and Investor Protection Act of 2002, commonly referred to as the Sarbanes-Oxley Act, hopes to rebuild investor confidence in public corporations after the wave of high publicity corporate accounting scandals that began with the Enron crisis.
The Sarbanes-Oxley Act places new burdens on corporations, imposes strict penalties for non-compliance, and holds CEOs' and CFOs' personally responsible for the accuracy of their financial reporting. Section 404 of this act requires a corporation to report on the effectiveness of their internal controls and requires an external auditor to attest to this statement. Consequently, corporations must now document their internal control structure and evaluate its effectiveness to ensure the accuracy of financial data. Compliance with Sarbanes-Oxley includes paying particular attention to IT systems that can impact financial record-keeping and reporting.
Compiling an accurate financial picture of a company requires accurate fixed asset records as well as compliance with applicable tax laws and regulations for acquiring, depreciating, and disposing of assets.
Select Subject Area
Sage FAS, Sage FAS White Paper, Fixed Asset Manager's Guide to Sarbanes-Oxley: Compliance Safeguards and Features in Sage FAS Fixed Asset Management Solutions, fixed asset records, applicable tax laws, assets, corporate governance, corporate financial rep
The resource is available from the link above.
Latest reports from top IT companies:
© ITmodelbook 2012-2019.