|
White Paper
THE REAL CHALLENGE OF SARBANES-OXLEY
Going Beyond Compliance
Well after last year’s first filing deadline under the Sarbanes-Oxley Act and three years after the bill’s initial passage, many companies continue to struggle under the burdens of Section 404, Management Assessment of Internal Controls. These companies have been unable to reduce their overall finance costs; monthly closing cycles have lengthened, and labor-intensive efforts to comply have driven up costs even further. According to AMR Research, U.S. companies will spend $6.1 billion this year alone on compliance. The Securities and Exchange Commission estimates that companies collectively will spend almost 5.4 million staff hours on implementation of Section 404.
To help companies go beyond mere compliance to significant improvement, Six Sigma Qualtec, through the proven Hoshin Kanri approach and its robust Business Process Management tool sets, provides leaders with all the controls and evidence required not only to comply with Sarbanes-Oxley but also to achieve a handsome ROI. What follows here is the first in a series that will outline and then detail these methods and tools uniquely suited to addressing Sarbanes-Oxley and discuss how to leverage their execution to deliver returns on your compliance investments....
Full White Paper>> [PDF:176K]
|
