Enron, WorldCom, Tyco – these very high profile US corporate failures led directly to the introduction of the Sarbanes Oxley (SOX) regulatory framework in 2002. BHS, Carillion, Patisserie Valerie – these very high profile UK corporate failures are set to lead to the creation of much more muscular audit, reporting and governance regulator in the…
There is little question that many companies which need to be compliant with Sarbanes-Oxley (SOX) regulations are seeing a rise in the associated costs of compliance. Many of these costs are avoidable however. With the right culture and the right tools, organisations can cut the cost of SOX compliance whilst improving corporate governance and driving…
As most market watchers know, the number of initial public offerings has soared in recent years. Much less obviously, and maybe a bit counter-intuitively, another capital-markets trend has emerged: The percentage of IPOs revealing material weaknesses in the governance of their internal controls before they go public has been rising steadily. Read more on cfo.com…
As the Sarbanes Oxley Act celebrates lucky birthday number 13 this summer, it’s tempting to hold the view that, by now, most public companies have – or should have – mastered the compliance process and achieved a level of stability in the costs and hours required. Unfortunately, this is not the case, largely because of…
