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Currently he is national director of client service for the Supply Chain Management practice at Resources Global Professional (This post comes from Shane Heitzman at the University of Rochester Simon Graduate School of Business, Dan Dhaliwal at the University of Arizona and Merle Erickson at the University of Chicago Graduate School of Business.What regulators and policy- makers also realized is that this shortcoming in corporate management may not be limited to the auditing and financial controls function.In fact, a number of inadequate supply chain process controls may need to be identified and corrected. (Section 401a) One of the key tenets of SOX is that publicly traded companies must provide financial transparency in preparing their financial reports.
As we know, SOX legislation was enacted in response to the serious misconduct of the 1990s, which had a profound impact on institutional and private investors' 401(k) accounts. exchanges, there are three primary areas addressed by SOX: SOX will force CEOs and CFOs to rely on their supply chain leaders to take a proactive role in corporate governance.The SCM organization is in the midst of evolving into something much more strategic and mission critical than one could have imagined just two years ago.