According to Gartner, 65% of executives believe they will need to make dramatic changes to their company's IT infrastructure to meet the demands of the Sarbanes-Oxley Act. To comply with the Sarbanes-Oxley Act, companies must improve the timeliness, control, and predictability with which they distribute and manage information throughout their business - exactly the kinds of benefits that real-time business delivers.
Speakers: Gartner - Lane Leskela, Research Director
TIBCO - Dushyant Pandya, Director
You will:
Gain valuable insights from Gartner on the challenges presented by the Sarbanes-Oxley Act and what steps companies and their IT organizations need to be taking today to meet them
Hear about real-world experiences and best practices for meeting the requirements of the Sarbanes-Oxley Act
Learn how TIBCO's real-time business solutions can help you comply with Sarbanes-Oxley Act
All attendees will be eligible for a drawing to win a USB Memory Card.

Questions:
What's COSO?
  Processes used across all public companies for assessing and controlling risk.
  Committee of ...

Notes
Section 302
  > personal accountability
    Requires personal sign-on to ensure company meet financial status.  Felony to engage in any fraudulent activity in the sign-off process.

Section 404
  > implementation of processes and controls to lower risks
  > compliance with processes and change mgt
  > visibility to provide ongoing compliance
Section 409 -
  > early identification of material events
  This requires quick and continual self-assessment and access to records and documented information to CFO, CEO, and risk managers.
Section 302 -
Closings will be required in less time
10Ks due 60 vs 120 days

Document and process control are critical to Sarbanes-Oxley compliance.

Does SOX apply to private firms?
  No, but they are concerned and would like this transparency and governance for their firms.
  Also concerned of viewing viewed as weaker than public firms which run on this principaled and ethical basis.
  Of particular interest to those considering going public in the future.  They'd need to enter this arena compliant.


Compliance driven market-change is now a way of life.

Cost of non-compliance.
  Prison and fines.
  Risk of reputation and effect on the firm's stock and ultimate risk of closure.