Microsoft Corp. announced the forthcoming Microsoft Office Solution Accelerator for Sarbanes-Oxley, the product of ongoing work, including input from experts from Big Four accounting firms, to help companies meet growing compliance requirements in a cost-effective way with software they already license. The accelerator, one of a series of accelerators aimed at helping companies handle key business issues, is designed to make it easier for publicly traded companies to more easily manage their internal financial controls.
Specifically, the accelerator helps address the recurring needs surrounding internal control documentation, monitoring and testing, as required by sections 404 and 302 of the Sarbanes-Oxley Act of 2002. Although the Sarbanes- Oxley Act is U.S. legislation, regulatory compliance is an issue for companies around the world. The accelerator will support Japanese and other double-byte characters, making it ideal for global companies.
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