Ixio to Offer Sarbanes-Oxley Seminar-Corporate “Smoking Guns” Landing Executives in Hot Water; Compliance Seminar to Address Digital Honesty Under SOX
Ixio Corporation, a leader in smart document drafting, will be offering a series of seminars addressing all related issues of corporate compliance under the Sarbanes-Oxley Act of 2002 (SOX). While nearly all SOX compliance seminars focus only on issues of financial compliance, this seminar will take a broader view of compliance issues in light of the increasing use of digital technology. It will specifically address how to manage and track all data in order to avoid regulatory penalties, civil liabilities and, in some cases, criminal charges.
Seattle, WA (PRWEB) January 18, 2006 -- Ixio Corporation, a leader in smart document drafting, today announced that Craig Kobayashi, CEO, and Martin Pagel, CTO, will be offering a series of seminars addressing all related issues of corporate compliance under the Sarbanes-Oxley Act of 2002 (SOX). While nearly all SOX compliance seminars focus only on issues of financial compliance, this seminar will take a broader view of compliance issues in light of the increasing use of digital technology. Because of the overwhelming volume of corporate digital information, no single person can manually review every piece of it. But taken out of context, a seemingly harmless digital remark can turn into “smoking gun” evidence and used against corporate executives in unintended ways. Therefore, this seminar is directed at executives who are responsible for their corporation’s regulatory compliance, legal affairs, financial affairs and operational workflow, and who want to protect the fundamental honesty and integrity of themselves and their corporation.
Recent headlines (Enron, Martha Stewart, Tyco, Arthur Anderson and WorldCom) illustrate how corporate digital information was used to prove corporate and executive wrongdoing. These cases demonstrate just how critical it is that corporations:
| | - Define corporate intention
- Control corporate policies and processes, and thereby
- Control the interpretation of internal corporate digital information
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Companies that have implemented audit trail systems for their financial information often struggle with implementing similar tracking for non-financial digital documents, such as emails, contracts, notes and various other corporate documents. However, complete tracking of all corporate information – including the processes by which documents are drafted and approved - is essential as SOX requires the top executives of public companies to personally certify that the reports their companies file with the Securities and Exchange Commission are complete and accurate. Furthermore, automated systems are essential to insure compliance because the large accounting firms recognize that 80% of the processes that constitute internal controls today are manual. As a result, those controls are very costly to maintain, and still do not meet SOX annual audit requirements.
How can companies control the myriad of digital information produced by their companies daily? In this seminar, Mr. Kobayashi, a former senior partner at a Seattle, Washington law firm with over 20 years of experience in corporate law, and Mr. Pagel, an IT expert with over 20 years of experience in architecting software workflow systems, will describe how “Active Due Process” ™ returns the control and interpretation of enterprise-wide digital information back to the companies producing it. They will focus on how existing technology, such as applications for the drafting, indexing, storing and delivering of documents, can be integrated to:
| | - Automate corporate best practices
- Create an auditable log of all corporate activity
- Store such activity for reference and re-use, and
- Dynamically capture all business processes and workflow, including sign-offs and approvals
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Corporations must take a pro-active approach in managing and tracking all of their data in order to avoid regulatory penalties, civil liabilities and, in some cases, criminal charges. Through “Active Due Process”™, the corporation defines and demonstrates its best practices and good corporate governance standards, thereby creating the highest degree of “digital honesty” which will eliminate any “after the fact” re-engineering of inferred bad intentions by any person, including regulatory officials or investors.
For more information about the seminar schedule, please contact Gayle O’Connor at 206.653.0200.
About Ixio Corporation
Ixio Corporation was founded in 2001in order to meet the demand for quick development of Internet-based digital information management and work process solutions. Ixio’s flagship product, QShift™, is an applied knowledge management document drafting application using an on-demand computing model. Ixio is privately held and headquartered in Seattle, Washington. For more information, visit www.ixio.com or call 877.ASK.IXIO (877.275.4946).
© 2006 Ixio Corporation. All rights reserved. Ixio, the Ixio logo, QShift, the QShift logo, "Knowledge at the point of practice," "Smart document drafting – on demand," "Practice on Demand" and “Active Due Process” are trademarks or service marks of Ixio Corporation. All other trademarks and company names are the property of their respective owners.
Media Contact:
Gayle O’Connor
Director of Marketing
Ixio Corporation
206.653.0200
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