Sunday, April 09, 2006
Technology helps comply with law
Companies pay attention to all the details to protect their financials' integrity
Thanks to Enron, WorldCom and a few others like them, some Richmond-area technology companies found a forte.
After the high-profile accounting scandals came the Sarbanes-Oxley Act of 2002, a far-reaching and contentious law meant to protect shareholders by making a public company's financial information as accurate as possible.
While Sarbanes-Oxley is directed at accountants, its tentacles clasp around information-technology departments and tech companies, largely because bookkeeping is done electronically.
See full Article.