Sarbanes-Oxley Act and its Impact on Measurement Discussion of the Effect of Sox Requirements on Measurement

摘要

Sarbanes Oxley (SOX) is legislation that is here to stay.Sarbanes Oxley (SOX) has been around now for almost seven years and since its implementation it has not only evolved and become more defined,it has remained as robust as ever.Many companies have already reviewed and implemented controls and remediated any gaps that may have existed when the audit process began.Annual reviews of controls insure that once implemented,SOX will be forever embedded in the fabric of every publicly traded company.Through the utilization of SOX guidelines strong controls have emerged which have helped establish well documented,more efficient measurement and company processes.The benefit of knowing the facets of our business from beginning to end as well as finding where any opportunities for false or even fraudulent processes may be found have been invaluable .A more evolved sense of integrity and pride in our positions and knowing exactly where our companies stand with regards to the importance of good measurement and good solid practices has been beneficial for all employees.