SOX principles can help companies to understand and mitigate risk in their organization.
Chicago, IL (PRWEB) May 01, 2013
Companies face greater and greater internal and external threats. Internal controls and corporate governance can assist organizations in mitigating certain risks and positioning them to take advantage of new opportunities. Sarbanes-Oxley (SOX) principles can act as a framework to assist companies in achieving strong corporate governance and internal controls.
Baker Tilly Virchow Krause (Baker Tilly) has published an educational article, "Why all companies should embrace certain SOX principles," to help executives understand the benefits of implementing SOX practices across their organization.
"Managing your organization’s risk is essential in today’s business environment," said Christine Anderson, CPA, CITP, Managing Partner - Assurance, and Financial Services Industry Leader at Baker Tilly. "SOX principles can help companies to understand and mitigate risk in their organization."
Why all companies should embrace certain SOX principles is available on the Baker Tilly website and includes information on the following:
> Recent changes from the Committee of Sponsoring Organizations of the Treadway Commissions (COSO) to SOX implementation
> Benefits of implementation to private companies including risk assessments with a focus on financial reporting, documentation of processes, and determining design deficiencies and operating deficiencies
About Baker Tilly
With more than 1,400 employees, Baker Tilly provides a wide range of accounting, tax, and advisory services. Ranked as one of the top 20 largest firms in the country*, Baker Tilly serves clients from offices in Chicago, Detroit, Minneapolis, New York, Washington DC, and throughout Wisconsin.
Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 125 countries, with more than 24,000 professionals. The combined worldwide revenue of independent member firms exceeds $3 billion.
*According to the 2013 Accounting Today "Top 100 Firms."
SPECIAL INSTRUCTIONS FOR ALL MINNESOTA MEDIA OUTLETS ONLY:
All company references to Baker Tilly in this press release must be listed as Baker Tilly Virchow Krause, LLP. No shortened version of the company name is permitted.
All references to Baker Tilly International do not require modification.