The US watchdog, the Securities and Exchange Commission, last month said it would delay plans to speed up filing times from 75 days, as is currently required, to 60 days.
But analyst company Gartner has warned companies affected by the new US laws not to ease up on IT projects necessary to implement the filing changes as companies will have to show an audit trail of reforms made to IT systems.
French Caldwell, vice president and director at the compliance service of Gartner, said: ‘For the 2005 budgets IT people should consider the technology necessary to comply with Sarbanes Oxley.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements