Sarbanes Oxley Compliance

Sarbanes Oxley Whistleblower

Sarbanes Oxley Act has taken steps to ensure the anonymity of the whistleblower of a corporate scandal. With many of the recent corporate scandals, the whistleblower has lost their job and professional reputation for standing up for the "good" of the company and acting in an ethical manner.

The Sarbanes Oxley Act is working towards a reputable and anonymous circumstances for any Sarbanes Oxley whistleblower's accusations to be investigated and taken care of while ensuring the whistleblowers protection against discrimination, job loss, demotion and other wise harassment.

Clickbank Marketing Tools

Section 302 of Sarbanes Oxley Act explains: "Each audit committee shall establish procedures for the confidential, anonymous submission by employees of the issuer of concerns regarding questionable accounting or auditing matters."

It is also stated that retaliation against a whistleblower (if found out), will not be tolerated among the Sarbanes Oxley committee.

Internal Control boards are usually the place for a whistleblower to submit their concerns and questions regarding the financial reporting and Sarbanes Oxley issues.

However, it has been determined that this may not be in the best interest of the whistle blower as the internal control committee may have close relations with the daily duties of company employees and the whistleblowers identity may be found out.

It is encouraged for companies to have an external control board that is separate from daily activities so that an employee may make claims and ask questions solely based on the information, without any identity.

Whether the control board is within or external, the Sarbanes Oxley whistleblower will be protected against discrimination based upon the acts definition and safeguards.

Overall, it is important for each company to understand the guidelines of Sarbanes Oxley including its whistleblower policy.

Because of the severe nature of whistleblower allegations, it is imperative that a company understand not only the rules of the act but also the implications of dealing with a whistleblower if fraud is detected by an inside employee.

Also, it is in the best interest of the company to fully understand what pitfalls may come with non-compliance and whistleblower discrimination. Both can be detrimental to any profitable company.

Visitors came from ...

Redding, Sugar Land, Elkton, West Mifflin, Bellflower, Culver City, Olympia, Hannibal, Savannah, Rosenberg, Kennett, New Hope, Soledad, Alabama, Boulder City, Greenbelt, Calexico, Pennsylvania, Bainbridge, Hallandale Beach, Upper Arlington, West Bend, Nebraska, Satellite Beach, Santa Barbara, Kelso, Hazel Crest, Grass Valley, Centennial, Santee, Chattanooga, Doral, Williamsburg, Nevada, Crestwood, Pittsburgh, Clemson, Florida, Vincennes, Pittsburg, Rolla, Montana, Pinellas Park, Rockwall, Walker, Eden Prairie, Mamaroneck, Plymouth, Alaska, Marlborough, Hereford, Leesburg, Omaha, Middletown, Okmulgee, Wyoming, Massillon, Walla Walla, Galesburg, Oakland Park, Indiana, Garner, Cudahy, Huntington, Jefferson City, Sunnyvale, Liberal, Mayfield, La Marque, Greenacres, East Moline, Monroe, Greeneville, Harrison, New Jersey, Cleveland Heights, Spring Valley, Portsmouth, Harper Woods, Mexico, Holly Springs, Pueblo, Stafford, Tacoma, Fort Atkinson, North Ridgeville, Clarksdale, Laguna Niguel

Sarbanes Oxley Compliance Articles

Is Sarbanes-Oxley Really Having an Effect on Fraud?

By Ashley Ricks
When Sarbanes-Oxley regulations were created, their sole purpose was to restore the integrity and faith back with corporations and executives that were caught up in the many fraud scandals brought on by Tyco, Enron, and such. Yet, surprisingly to learn, many companies have done little to change their prevention and monitoring of fraudulent acts. This makes many wonder, "Is Sarbanes-Oxley an effective tool where fraud prevention is concerned?"

Is Your Business Compliant With Sarbanes Oxley Standards?

By John Morris
This methodology allows you to define in a quantifiable manner the compliance tasks involved in your company. All of the companies which use a type of Sarbanes Oxley software have the same financial data collection and their reporting needs are not really one and the same...

Enabling Sarbanes Oxley Compliance

by Earl Powers
Sarbanes Oxley compliance is not a one-day, a one-month, or even a one-year project - instead, Sarbanes Oxley compliance should be built into your corporate infrastructure as early as possible when you begin making changes. The more quickly you transition your business into long-term strategy change, the better you're going to be able to control Sarbanes Oxley compliance issues.

Serbanes Oxley and Other Compliance Training Bugaboos

By KK Arora
Compliance training gets no respect. Training managers view it as something of a bugaboo. Most trainees greet it with about as much enthusiasm as they would a parallel parking contest. So what is it, why do we need it, and how can we best go about it?

Sarbanes Oxley Act 404 - An Auditor's Nightmare

by Betty Hope
In the midst of corporate scandals that took the U.S. government by storm, Sarbanes Oxley Act was passed by the U.S. Congress and signed by President George W. Bush into a law on July 30, 2002. The act was passed to ensure transparency and accountability in the working procedures of the corporate world in order to restore the investor's confidence in the shaken market. Simply put, the Sarbanes Oxley Act 404 is an auditors nightmare.

Sarbanes Oxley Act

by Ross Bainbridge
The Sarbanes-Oxley Act is an act passed by the U.S. House of Representatives in 2002. The act covers issues such as auditor independence, corporate responsibility and establishes new or enhanced standards for all U.S. public company boards, management and public accounting firms. It is considered as one of the most significant changes in United States securities laws. The act was designed to review all legislative audit requirements. The act gives additional powers and responsibilities to the U. S. Securities and Exchange Commission.

Centralizing Project Data = Streamlined Governance Auditing

By Ty Kiisel
Thanks to legislation like Sarbanes-Oxley, the terms "audit" and "headache" have become synonymous for many organizations. Most companies are forced to track disparate software (that is function specific) with email and spreadsheets to create an audit trail that verifies compliance to an established process. Just describing it sounds like a convoluted mess to me. I can only imagine the hassle associated with trying to keep email strings and different software logs updated-no wonder compliance audits are so expensive.

More Sarbanes Oxley Compliance Articles