To help companies worldwide comply with the provisions of Sarbanes-Oxley, as well as leverage the process of bringing together and analyzing data from across their operations, SAS, a leader in business intelligence, announced a new software solution, SAS Corporate Compliance for Sarbanes-Oxley. The solution helps publicly traded organizations satisfy their requirements under Sarbanes-Oxley through an auditable, searchable and authenticated infrastructure and is flexible enough to prepare organizations for other future governance and compliance requirements.
Under the Sarbanes-Oxley Act, publicly traded companies face regulatory pressure to deliver financial transparency and comply with new, more stringent financial reporting and disclosure requirements. Sarbanes-Oxley is a global issue; as long as an organization’s stock is traded in the U.S., it is forced to comply. An AMR Research survey indicates that “nearly 77 percent of companies will spend more on information technology (IT), business process change, corporate governance, and/or consulting this year as a direct result of Sarbanes-Oxley compliance.” (Source: AMR Research Report, “CIOs: There Is a Sarbanes-Oxley Project in Your Future Do You Know What It Is?” May 6, 2003).
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