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Bringing
executives up to speed on the Sarbanes / Oxley Act of 2002 (SOX) is a
monumental task that can mean the difference between successful
implementation and failure. Because they authorize the funding and
resources to be used in this project and downstream financial function,
it is critical understand: 1) The actual SOX Act of 2002; 2) The legal
requirements of the Act; 3) The reporting requirements of the Act; 4)
Criminal and civil statutes and related penalties; 5) Government
enforcement and related agencies; 6.) Organizational impact and related
Board of Director changes; 7) Ethics impact and requirements; 8)
Benchmarking and assessment of what others are doing in regards to
SOX; 9) Estimated costs to implement, monitor and test on an
ongoing annual basis; and 10) Foreseen impacts on the Company’s
organization and infrastructure.
Why Global Technology Solutions
Failure to
convince Management of the critical and important nature of this
function can result in a lack of needed resources to implement needed
processes and oversight, a lack of commitment, financial burdens for the
Management and Company alike, public disclosure of SOX non-compliance
and impact on the Company and shareholders in the financial markets and
potential criminal sentences for Senior Management and loss of financial
gain.
GTS can provide
varying degrees of presentations and information to bring the Company
executives up to par on all these areas or those that you the client
feel are most important! We will tailor the presentations to get
maximum impact and understanding with the least amount of time and
effort, thereby reducing costs and increasing the chances of more resource commitment from Management.
Global Technology Solutions, LLC (Your
One-Stop SOX Consultants) |
