Stories by Adam Nelson

Sarbanes-Oxley compliance: Reduce cost, effort

The Sarbanes-Oxley Act requires every publicly traded company, large or small, to establish internal controls and procedures for reliable financial reporting. Although the Securities and Exchange Commission has extended the deadline for small businesses and foreign entities, these organizations need to begin planning. But as they do so, they can apply valuable lessons learned by large businesses that paved the way to Sarbanes-Oxley compliance (and spent on average of US$10 million to do so). Here are the top five lessons learned that will help you reduce the cost and level of effort for achieving compliance.