Image by Getty Images via Daylife
Podcasting is the new buzz of the internet. A Podcast is an mp3 or mp4 file of your post article that may or may not include video. Most of them are just audio files that you can listen to on the web or download for later listening.
Podcasting can [...]
Many publicly traded companies face having to comply with the new Sarbanes-Oxley financial disclosure act. This act requires publicly traded companies to disclose their earnings in a precise way that adheres to the strict guidelines of the act. The law was brought about in light of the many scandals surrounding huge corporations that were overstating earnings in order to keep stock options high while the major stockholders unloaded the stock before the true state of their finances became public and the stock value plumeted. SOX compliance is now part and parcel of most financial reporting software packages.
If your company is publicly traded, you MUST comply with SOX-404.
While the intent of this act is a good one — it’s never a good thing to enter into an endeavor that cheats people out of their savings — it’s implementation and the subsequent audit processes and orders of compliance can be costly and ponderous. I believe that it will prove to be the millstone that breaks many corporations over some of the requirements that don’t always fit the business model of the company it’s affecting.
è¿é
Related posts brought to you by Yet Another Related Posts Plugin.
Tags: Political Opinion
Post here
