KimberlyBy Anna Maria Virzi | Posted 2005-09-07 Email 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: The benefits of SOX">
The Sarbanes-Oxley Act of 2002, aimed at reducing errors or fraud in financial statements, includes a key provision requiringcompanies to identify, test and document controls over processes such as revenue recognition, payroll and accounts receivable. Afteryear-one in 2004, here are benefits some companies said they've seen.
**ACTUAL: Kimberly-Clark found it already had strong controls in place, so the benefits derived from Sarbanes-Oxley varied from many other companies'.