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Tempur-Pedic International: Amazing Race



By Elizabeth Bennett

  Table of Contents:
  1. Tempur-Pedic International: Amazing Race
  2. 'ZIFFPAGE TITLEManaging the Muddle '
  3. 'ZIFFPAGE TITLEThe Final Countdown '
  4. 'ZIFFPAGE TITLETempur'
  5. 'ZIFFPAGE TITLETempur'

Following its much anticipated IPO, the mattress maker had barely a year to document its policies and procedures for a SOX audit.

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Tempur-Pedic International: Amazing Race - 'ZIFFPAGE TITLETempur'


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-Pedic Base Case">

Tempur-Pedic Base Case

Headquarters: 1713 Jaggie Fox Way, Lexington, KY 40511

Phone: (800) 878-8889

Business: Manufacturer, marketer and distributor of luxury andspecialty mattresses and pillows.

Financials in 2004: $685 million in sales; $75 million in net income; 11% net profit margin.

Challenge: In its first year as a public company, comply withthe tighter financial reporting requirements of the Sarbanes-Oxley Act of 2002.

Baseline Goals:
  • Define and document as many as 800 critical internal policies and processes that support the company's financial reporting systems by Dec. 31, 2004.
  • Automate 50% of these internal controls.
  • Obtain certification from external auditors that the company is in compliance with the Sarbanes-Oxley Act.


 
 
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