September 02, 2004
Seeing Section 404 as a "Bottom-Line Improvement" Vehicle
Depending on the approach, companies can view Section 404 as a burden or a mandate to improve and "shape-up" many key processes that need some enhancement. If you are going to do "surgery" on your processes anyway, why not take the approach that you can really benefit instead of just doing the bare minium with no added value to the organization. See this article from Accountancy Age.com for an interesting viewpoint on this much debated topic.
"... as they work through the task of carrying out a comprehensive documentation of the organisation's key processes and internal controls, companies will find they are able to streamline or automate a number of activities through the implementation of new or bolt-on financial software systems. This, in turn, will lead to further efficiency savings, all of which can have a positive impact on the bottom line." See the complete article at: http://www.accountancyage.com/Features/1138037
For more information on Issues Central Sarbanes-Oxley Compliance Playbook(tm) at www.issuescentral.com
"... as they work through the task of carrying out a comprehensive documentation of the organisation's key processes and internal controls, companies will find they are able to streamline or automate a number of activities through the implementation of new or bolt-on financial software systems. This, in turn, will lead to further efficiency savings, all of which can have a positive impact on the bottom line." See the complete article at: http://www.accountancyage.com/Features/1138037
For more information on Issues Central Sarbanes-Oxley Compliance Playbook(tm) at www.issuescentral.com
