SOX News

New Bizmanualz Finance Policies and Procedures Manual Simplifies Sarbanes Oxley Compliance

(March 25, 2008)-- Bizmanualz, a business publications, training and consulting company based in St. Louis, MO,  released a unique new finance, treasury, and accounting resource designed for business owners, controllers, treasurers and executives interested in utilizing internal controls to improve financial operations compliance.

The optimal system of control encourages continuous improvement by setting objectives, measuring performance, and adjusting to achieve stated objectives.The new volume, Bizmanualz Finance Policies, Procedures & Forms, includes a series of easily editable policies, procedures and forms to help CFOs, Controllers and Treasury Officers improve internal controls and compliance in all finance-related areas. Topics covered include risk management; raising, planning and managing capital; liquidity; working capital; credit; debt; treasury management; financial statements; business planning; auditing; board of directors; and other compliance related issues. The volume also includes a free business guide.

"The Securities and Exchange Commission, groups including PCAOB and COSO, and regulations such as Sarbanes-Oxley (SOX), all say that developing policies and procedures is essential for effective control," said Christopher Anderson, Managing Director of Bizmanualz, Inc. "It's the controller's responsibility to create and maintain such controls. But most small businesses don't have a controller, so they turn to Bizmanualz for help. Using even a single concept from any one of our manuals can add real money to a business' bottom line."

"Sarbanes-Oxley, COSO, and other compliance requirements have sent finance and accounting departments scrambling to develop the required internal controls, and there is really nothing like this on the market" said John E. Oeltjen, a CPA with the accounting and business advisory firm MPP&W who served as an advisor and reviewer during the development of the Bizmanualz® Finance Policies, Procedures & Forms. "There really was an outcry among small and medium sized business for a step-by-step roadmap that addresses these regulatory changes."

"With SOX and other regulatory requirements, the main goal of internal control is compliance. However, if you are putting a control system in place for compliance only, then you are missing an important opportunity," said Mr. Anderson. "The optimal system of control encourages continuous improvement by setting objectives, measuring performance, and adjusting to achieve stated objectives."

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