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Sarbanes-Oxley & Basel II
Improve your accountability, not your liability
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 Sarbanes-Oxley
o2olap and business intelligence software can help enable compliance with the increased
reporting responsibilities imposed on companies listed on the U.S stock markets
by the Sarbanes-Oxley Act of 2002 (SOX).
By providing a more structured and auditable way of maintaining financial reporting
applications provides companies with increased assurance that the information is
more accurate and complete. In turn, the auditors will also have increased confidence
as they also now share the responsibility imposed by SOX.
To visualise the goals of the Sarbanes-Oxley Act, refer to the link article "Sarbanes-Oxley
Section 302 & 304 - A White Paper Proposing Practical, Cost Effective Compliance
Strategies" prepared by Tim J. Leech, FCA-CIA,CCSA, CFE.
Click here.
Additional links - click here
Basel II
Banks risk exposures are discussed in the revised international capital framework
for capital adequacy.
Click here to read more.
OLAP technology can help in preparing more accurate financial information so as
to reduce the risk that banks are
exposed to. |
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