Get ROI on Sarbox

By Larry Dignan  |  Posted 2003-10-01 Email Print this article Print
 
 
 
 
 
 
 

Conventional wisdom says there's no financial return in meeting the fraud-fighting requirements of the Sarbanes-Oxley Act.

Act"> How Bob Travatello Plans to Get ROI on Sarbox Act

  • Ferret Out inefficient processes by documenting all financial procedures, a key step for Sarbanes-Oxley compliance.

  • Use Edicts of the act to cut the time it takes to close books every month from 15 days to 5 days.

  • Inspect Overlaps in consulting and auditing fees incurred by finance and technology departments.

  • Consolidate hardware and applications whenever possible to simplify operations.

    Travatello is Blue Rhino's chief information officer.

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    Business Editor
    ldignan@ziffdavisenterprise.com
    Larry formerly served as the East Coast news editor and Finance Editor at CNET News.com. Prior to that, he was editor of Ziff Davis Inter@ctive Investor, which was, according to Barron's, a Top-10 financial site in the late 1990s. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism.
     
     
     
     
     
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