Product Description

This digital document is an article from Strategic Finance, published by Institute of Management Accountants on December 1, 2008. The length of the article is 4060 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

Citation Details
Title: SOX, ERP, and BPM: a trifecta that can make your business run better.(Business Performance)(Sarbanes-Oxley Act)(enterprise resource planning)(business process management)
Author: Kenton B. Walker
Publication: Strategic Finance (Magazine/Journal)
Date: December 1, 2008
Publisher: Institute of Management Accountants
Volume: 90 Issue: 6 Page: 47(7)

Distributed by Gale, a part of Cengage Learning

Product Details

• Published on: 2008-12-01
• Released on: 2009-01-08
• Format: HTML
• Binding: Digital
• 14 pages

Excerpt. © Reprinted by permission. All rights reserved.

In 2002, Congress passed the Sarbanes-Oxley Act (SOX) to improve transparency and accountability in business processes and corporate accounting that should lead to increased confidence in public markets. One key provision of this law, Section 404, has proved to be particularly difficult for companies, especially those that didn't have good internal controls, processes, and procedures already in place. As you know, Section 404 spells out the requirements for internal controls documentation, assessment, and testing activities that govern the creation of financial reports. The law requires that the management of publicly traded companies attest to the effectiveness of internal controls in each annual report they file with the Securities & Exchange Commission (SEC).