White Paper | October 31, 2005
Turn Compliance Pain Into Performance Gain
Source:•White Paper: Turn Compliance Pain Into Performance Gain
The Sarbanes-Oxley Act (SOX) is just the tip of the compliance iceberg in a sea of governance regulations. The purpose of this white paper is to put SOX in perspective with the broader compliance environment and discuss how executives can leverage their SOX compliance efforts (pain) into opportunities to improve corporate operational performance (gain). These gains can be achieved, for example, through business process management (BPM) that can improve financial performance by gains in effectiveness and efficiencies of the underlying operations processes that drive the financial results. This paper will also identify some common compliance requirements and describe some examples of how the efforts invested in achieving compliance can pay ongoing dividends through applying some of the compliance deliverables to business operations.
Compliance is here to stay, and is "raising the bar" concerning the expectations that not only shareholders have of organizations for reliable financial reporting, but also reflects the growing trend of regulatory bodies demanding transparent, ethical operational management.
Executives are feeling increasing pressure from investors for higher standards of corporate ethical behavior. There are a number of regulatory acts that have been in place for several years but until now perhaps not rigorously enforced. In addition, several acts are just now being activated and are in the process of being implemented worldwide.
Click Here To Download:•White Paper: Turn Compliance Pain Into Performance Gain