Kimberly-Clark: Benefitting From SOX - ' Kimberly'

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-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

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