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.