By Anna Maria Virzi  |  Posted 2005-09-07 Print this article Print

The maker of Kleenex tissue and other products faced a daunting task: Document 4,000 different financial controls. It could have been worse.

-Clark By the Numbers">
Headquarters: 351 Phelps Drive, Irving, TX 75038

Phone: (972) 281-1200

Business: Manufacturer of facial and bathroom tissues, paper towels, napkins, disposable diapers, and feminine-hygiene and incontinence-care products for consumers; health and hygiene products for business. Brand names include Kleenex, Scott, Cottonelle, Viva, Huggies, Depend and Kotex.

Project Leader, Sarbannes-Oxley: Jerry Rehfuss

Financials in 2004: Sales of $15.08 billion; net income of $1.8 billion.

Challenge: Identify, test and document 4,000 internal controls each year for a company with 60,000 employees at 200 locations in 50 countries.

Baseline Goals:
  • Cut spending on Sarbanes-Oxley compliance by 25% in 2005, from more than $10 million in 2004.

  • Ensure that access to computer systems and applications is audited annually and reviewed quarterly; the process had been sporadic.

  • Reduce the number of controls that need remediation and/or better documentation by at least 50%.
Story Guide:
  • First, Adapt Your Existing Standards
  • Build Controls, Test Controls, Automate Controls. Easy, Right?
  • Keeping Right Hand, Left Hand in Sync
  • Kimberly-Clark By the Numbers

    Kimberly-Clark: The benefits of SOX

    Next page: Kimberly-Clark: The benefits of SOX

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    Executive Editor
    Anna Maria was assistant managing editor Forbes.com. She held the posts of news editor and executive editor at Internet World magazine and was city editor and Washington correspondent for the Connecticut Post, a daily newspaper in Bridgeport. Anna Maria has a B.A. from the University of Rhode Island.

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