September 03, 2004
Outsourcing your Sarbanes-Oxley Project Reduces Benefits
It is absolutely amazing that companies are just spending huge amounts of money for professional services to perform their first year of SOX 404 compliance work. This means that in the second year, they have no internal knowledge of the project and data. Also, they have no infrastructure to manage and revise the data. This is a really big expenditure of cash without much long term benefit.
An excerpt from an article on newsfactor.com discusses this survey:
"One of the reasons internal personnel may not understand the implications of Sarbox is that many companies are relying heavily on external consultants to identify and execute needed changes in their business processes" See the complete story at this link:
http://www.newsfactor.com/story.xhtml?story_title=Big-Wigs-Outsource-Sarbox-Compliance&story_id=26724&category=entcmpt
For more information on Issues Central's Sarbanes-Oxley Compliance Playbook(tm) see www.issuescentral.com
An excerpt from an article on newsfactor.com discusses this survey:
"One of the reasons internal personnel may not understand the implications of Sarbox is that many companies are relying heavily on external consultants to identify and execute needed changes in their business processes" See the complete story at this link:
http://www.newsfactor.com/story.xhtml?story_title=Big-Wigs-Outsource-Sarbox-Compliance&story_id=26724&category=entcmpt
For more information on Issues Central's Sarbanes-Oxley Compliance Playbook(tm) see www.issuescentral.com
