To comply with the Sarbanes-Oxley Act, your company must document every internal process and external effect that will have an impact on its financial health. That's a pretty thin spec from which to develop a budget, but we tried by breaking down the process into its smallest component. Here we examine one procedure—the preparation of a quarterly revenue statement from one division. We include a transition period during which you analyze the procedure and add steps to make sure each phase is documented. We also include extra hours every week for documentation.
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