People often tell me that they never have to worry about Sarbanes-Oxley directly impacting them. I often liked to think the same thing. Well, today I got hit. For those of you that do not know, I do freelance production work for CBS Sports, ESPN and Jefferson-Pilot Sports. Today, I got this letter from Jimmy Rayburn, the Executive Producer of JP Sports:
"As you know, Jefferson Pilot Sports is a subsidiary of Jefferson Pilot Corporation, one the nation’s largest shareholder-owned life insurance companies. Over the past year, JP has come under increasingly more stringent accounting rules and guidelines, as have all publicly owned companies. Due to this we have had to put in place some new accounting and administrative procedures. Compliance with these new procedures will ensure that you receive payment on your invoice in a timely manner. Failure to comply will increase the time it takes to process and pay your invoice."
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