Sarbanes-Oxley Compliance: Making Your Company More Accessible.
The U.S. federal Sarbanes-Oxley Act was created to protect
investors by improving the accuracy and reliability of corporate
disclosures. The act covers issues such as establishing a public
company accounting oversight board, auditor independence,
corporate responsibility and enhanced financial disclosure. The
act came after a series of financial scandals, including those
affecting Enron and WorldCom.
Sarbanes-Oxley compliance may be difficult for your
company to adhere to at first, but in the long run it can be
beneficial for you and your employees. Sarbanes-Oxley compliance
will make your company's finances more transparent and easier to
navigate, as well as easier to tell when things are not right.
In order to achieve Sarbanes-Oxley compliance a company must
have a system where information is accessible and manageable.
Often times companies lose track of important information and
may be unaware of its whereabouts. This information is very
important and may be contained in documents that have been lost
in email or even inside the hard drives of company equipment. In
order to solve this problem a company must have a system to
manage this information to pass along in these corporate
disclosures.
Not a problem, there is now an answers on how to maintain every
document created by workers. NextPage has created a solution
that will manage documents and allow a company to know exactly
where information is stored, when it is changed, and its
location at any time. With the help of this software every
company will be able to meet the Sarbanes-Oxley compliance in
passing over correct information at the times that is needed.
Whether a company chooses to pass along the correct information
is a completely different problem.