Sarbanes-Oxley continues to be a demanding journey and is ripe for transformation.
For many organizations, most notably large accelerated and accelerated filers, compliance with the Sarbanes-Oxley Act has been quite the journey and an unexpectedly challenging one at that.
Organizations have been adapting and evolving their SOX practices in an effort to become more efficient. But incremental steps may not be sufficient for much longer. Overall, compliance costs remain significant in most companies. SOX hours and control counts continue to increase. For these reasons, organizations must pursue and perform the same magnitude of transformation and innovation rippling across most other functions in their organizations.
The need for transformation in SOX compliance will only increase considering all of the drivers of change underway with regard to organizational processes, technology, behaviors and internal controls that ultimately generate new compliance challenges. Pressures from boards, volatile markets, intensifying competition, demanding regulatory requirements, changing workplace dynamics, shifting customer preferences, uncertainty regarding catastrophic events and other dynamic forces are driving organizations to make major changes throughout the enterprise – many of which, again, have implications with SOX compliance.
Check at these KLplus CPE courses related to the Sarbanes-Oxley Act:
- Internal Control Over Financial Reporting: Understanding Section 404 of Sarbanes-Oxley (KLplus CPE Course): This basic-level training provides an overview of Section 404 of the Sarbanes-Oxley Act of 2002.
- Executive Certification: Understanding Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 (KLplus CPE Course): This is a basic-level course that provides an overview of Sections 302 and 906 and describes disclosure controls procedures.
- Introduction to the Sarbanes-Oxley Act of 2002 (KLplus CPE Course): This basic-level course provides a summary of the Sarbanes-Oxley Act and provides an overview of key sections.