Friday, May 27, 2005
UK plc dealt Sarbox deadline
With just months to comply, UK businesses are rushing to update their IT systems.
UK businesses have been warned they have only months to ensure their IT systems are compliant with US Sarbanes-Oxley legislation.
Just last week Accountancy Age revealed that Sarbanes-Oxley compliance would cost UK businesses more than £120m, forcing many to update their IT systems to comply with the infamous Section 404 of the act - the effective management of internal controls - for their first fiscal year ending on or after 15 July 2005.
See full Article.