✦ LIBER ✦
SOX 404 and ERM: Perfect partners … or not?
✍ Scribed by Jeffrey C. Thomson
- Publisher
- John Wiley and Sons
- Year
- 2007
- Tongue
- English
- Weight
- 231 KB
- Volume
- 18
- Category
- Article
- ISSN
- 1044-8136
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
The Sarbanes‐Oxley Act (SOX) Section 404 regulations and guidance have had a large impact on the adoption of enterprise risk management (ERM) in the United States. In the short run, SOX 404 has impeded the adoption of risk‐based approaches because of its rules that are totally counter to a holistic, risk‐based approach. In the longer run, SOX provides an opportunity for even faster adoption of ERM—but only if there is more radical thinking on the part of regulators and practitioners alike in training, education, and certification of this body of knowledge. © 2007 Wiley Periodicals, Inc.