Maybe you're not even ready to tackle Sarbanes-Oxley. Use this checklist to figure out where you're prepared and where you aren't.The dreaded Section 404 of Sarbanes-Oxley takes effect in December, requiring companies to document in detail how they do businessand then disclose those details. Are you ready?
Most companies aren't, according to an Institute for Internal Auditors (IIA) survey of its members. The survey showed that as of Feb. 8, an astonishingly low 1.9% were fully compliant with Sarbanes-Oxley rules, and another 14.6% had only begun their assessment. Even if the bulk of those companies finish on time, lots of enterprises will be left with their assets hanging in the breeze.
Will you be one of them? This assessment, built with information from IIA and research by Protiviti Inc., a consultancy specializing in risk assessment and auditing, may give you an idea of how far you've comeand how far you have to go.
How ready are you for compliance? Download the PDF and take our self-assessment quiz.
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