How to do SOX compliance with less
When your company is faced with an economic downturn, you are often asked to do SOX compliance with fewer resources. Most recently, those in the energy market may be feeling this pronounced pressure. In this situation, you need to ask yourself these three questions.
- Have you identified and managed the true risks in your company?
- How many controls do you have? And how many are actually effective?
- Do you have technology in place that will help you assess and effectively manage controls?
Tom Fox, attorney and FCPA expert, examines these three suggestions in depth to help you in times you're asked to do more with less.
Recommended for You
12 things to look for when choosing a SOX or internal controls solution
About the Author
Tom Fox practiced law in Houston for 30 years before founding Advanced Compliance Solutions, which assists companies with anti-corruption and anti-bribery compliance programs. He was most recently the General Counsel at Drilling Controls, Inc., a worldwide oilfield manufacturing and service company. He was previously division counsel with Halliburton Energy Services, Inc. He is now one of the country's leading experts on the Foreign Corrupt Practices Act and anti-corruption and anti-bribery compliance. Tom is the author of the award-winning FCPA Compliance and Ethics Blog and the international best-selling books Lessons Learned on Compliance and Ethics and Best Practices Under the FCPA and Bribery Act. His latest book is Effective Leadership Skills in Compliance: CCO 3.0 and Beyond. He writes and speaks across the globe on anti-corruption and anti-bribery compliance programs.