Chicago, IL (PRWEB) January 8, 2007
Recently, the SEC postponed the deadline for SOX compliance for small and medium sized businesses (SMBs) until July 2007. SMBs face the same rules and regulations as large companies do in regards to SOX compliance. With limited IT, HR and financial resources, complying with SOX is of great concern to SMBs. It is imperative that SMBs start the process now in order to meet the July 2007 compliance deadline.
What do SMBs need to do to start the process to become compliant with SOX? Who needs to be involved in the process? Some companies have established overall cross-functional compliance teams, managed by a C-level executive to ensure all areas are part of the compliance process. Collaboration between the IT and finance departments is imperative, as security and back-up recovery plans are required in addition to financial reporting. The system must work for all departments involved in complying with SOX.
Take away points include:
- What needs to be done first in order to comply with SOX?
- How to build a collaborative environment between the IT and Finance departments during the process of implementing SOX software
- How to limit the risk of implementing SOX software and to reduce the reliance on computer software
- How to choose the appropriate software for SMBs, given limited resources, without sacrificing quality
- Do you need to outsource audit services or create an internal audit department?
Register for free: http://www.xtalks.com/page_411.ashx
The web conference is sponsored by Ecora:
Proven in nearly 4,000 customer sites around the world, Ecora provides the industry's only solution for automating regulatory compliance and IT best practices reporting. Ecora is a critical business partner to those organizations looking to not only ensure -- but prove -- continual compliance with government and regulatory requirements-including Sarbanes-Oxley, GLBA, Basel II and HIPAA. The Ecora solutions dive even further with its powerful insight to help you prove and report on adherence to industry standards-such as PCI and SAS 70. And the compounded challenges created by evolving threats to the security of the IT infrastructure are virtually eliminated once the Ecora solutions help you take back control with automated and deep IT systems change and compliance reporting, disaster recovery and policy-based impact reporting. For more information, visit http://www.ecora.com.
Xtalks brings industry experts to executives' desktops around the world in a web-based information network that provides insight into breaking business issues through interactive digital web conferences. Xtalks web conferences allow anyone with interest in a particular topic to participate in a web meeting by synchronizing their desktop computer and phone alongside industry experts. Xtalks is part of The Honeycomb Worldwide Group of Companies.
Honeycomb Worldwide creates peer-to-peer business-oriented social networking communities, connecting senior level executives by delivering content through new and established media channels. http://www.honeycombworldwide.com
For more information on this conference or Xtalks in general, or to enquire about speaking opportunities or sponsoring future events, visit http://www.xtalks.com or contact Karen Anderson, Chief Marketing Officer, at 312-977-1166.