Resources for Sarbanes-Oxley (SOX)
Enterprise risk management
www.vnunet.com Given the increased emphasis on strict compliance, better corporate governance and more effective risk management post-Sarbanes-Oxley, boards and senior management believe they need greater assurance that business risks are being identified and controlled. As a result, company spending on risk management is continuing to grow, especially with regulators now more keen to hand out stiffer financial penalties and seek criminal convictions.
According to accountants Ernst & Young’s latest report, Managing Risk Across the Enterprise: Building a comprehensive approach to risk, leading companies achieve a practical and balanced approach to risk through two main objectives: recognising the value of executing solid compliance and risk management activities to prevent most problems and to reduce their impact; and leveraging risk management activities to help them improve their business.
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