By Hugh Taylor
The enjoyment of SOX examines how the Sarbanes-Oxley Act (SOX), decried as a painful dampener of commercial agility and innovation, in addition to a major waste of cash, can truly be a catalyst for badly wanted switch in American undefined. concentrating on the serious nexus among info know-how and enterprise operations and the emergence of the innovative Service-Oriented structure, this e-book indicates businesses tips on how to upward thrust to the problem of SOX and use the laws as for imposing much-needed IT infrastructure adjustments.
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Extra info for The Joy of SOX: Why Sarbanes-Oxley and Services Oriented Architecture May Be the Best Thing That Ever Happened to You
Sample text
The three companies had combined revenues of a billion dollars and a cash flow of almost one hundred million when the combined entity went public to much fanfare. The idea behind the merger was to leverage the synergy between the retail segment and the wholesale importer. S. Electronics was seen as a generator of brand credibility by the investment bankers who put the deal together. The market, however, was not kind to DexCo. The advent of computer superstores forced the closure of a quarter of the PC Stores.
So it is with DexCo. There is no DexCo in real life. It’s a fictitious amalgam of actual companies. The issues faced by DexCo, the struggle of its management to achieve better controls and comply with Sarbanes Oxley, are all inspired by true events. ” See if you find the compliance issues that threaten DexCo. I will discuss each of them throughout the book, but in this chapter, you can play detective and see if you can figure out what is happening in this fictitious business. My hope is that you will recognize your own business in DexCo.
However, unlike television sets, which enjoyed a 50-year run before being phased out in favor of improved technologies, the Walkman has experienced a rapid decline—twice. First, we saw the introduction of the DiscMan, a portable CD player, which effectively ruined the market for portable tape players. 99 but you probably wouldn’t want to. Yet, the DiscMan and its ilk have also been replaced by the iPod and similar digital music players. Market change and definition is much faster than it used to be.