Sarbanes-Oxley For Dummies: A Key Compliance Resource.
A Brief Introduction:
Over the years, the resource book series “… for Dummies” has helped millions of people learn often-difficult subjects and topics in a straight-forward, simple manner. Sarbanes Oxley for Dummies is no different.
Currently in its second edition (published February, 2008) Sarbanes Oxley for Dummies clears the mystifying and murky waters contained in this sweeping, anti-fraud legislation.
Sarbanes Oxley: A Brief Synopsis
The Sarbanes Oxley Act of 2002 (SARBOX) was placed into law as a direct result of the preceding corporate scandals such as Enron and WorldCom.
Fraudulent action by corporate executives within those companies (and others) led to the eventual collapse of their organizations leaving thousands unemployed and millions of investment dollars lost.
Sarbanes Oxley for Dummies is a must read for all public corporation officials now mandated by law to adhere to SARBOX compliance: By far, the most far-reaching change in corporate financial governance since the 1930s.
Reading Sarbanes Oxley for Dummies should not be a trivial undertaking. Rather, it should be considered the standard base of knowledge all public corporate CEOs and CFOs need to understand regarding the legislation.
The aim of this article is to not only express the importance of SARBOX compliance (which has been previously mentioned), but to outline the basic parameters of Sarbanes Oxley for Dummies.
Sarbanes Oxley For Dummies: The Main Points
Developing an implementation framework for corporations to adhere to is one of the primary topics covered in Sarbanes Oxley for Dummies.
Due to the complexity of the legislation, Sarbanes Oxley for Dummies, in an easy-to-understand manner, guides the reader along the path of compliance by providing steps, guidelines, and checklists designed for ease of use and integrity.
Another goal of Sarbanes Oxley for Dummies is to explain the key provisions of the law which can get lost among lesser-enforced points.
Sections 302, 401, 404, 409, and 802 are the key provisions when it comes to compliance issues.
Sarbanes Oxley for Dummies thoroughly covers each of these sections (as well as the entire legislation) in a simple, yet integral, manner.
Finally, and some might say most importantly, Sarbanes Oxley for Dummies identifies and suggests concrete actions needed along the road to complete SARBOX compliance.
Included are surveys of the most-common and most-effective compliance methods, intelligent business policies, and last (but certainly not least) an invaluable grouping of compliance checklists.
In conclusion, Sarbanes Oxley for Dummies is not your typical lazy afternoon read. But when it comes to navigating the choppy waters of SARBOX, there is no better resource.
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