Big4Guy

Since the birth of the Sarbanes Oxley monster, companies have focused mainly on the negative side of Sarbanes Oxley, its cost, efforts involved, penalties for non compliance, the list goes on and on. But today, as I sit at my desk three years after the Sarbanes Oxley act, I cannot help but notice some of the key benefits this statute has delivered. Clients I have worked with, have noted many benefits of implementing Section 404. Some of these include the best known companies in the world. Below, I list down some of the major benefits of implementing Section 404 of Sarbanes Oxley Act.

1. Better Control environment. Most of my clients agree that this is the number one benefit of Section 404 implementation.

2. Controls being implemented within the business processes.

3. Improved documentation of internal controls and internal control processes.

4. Monitoring of internal controls to ensure compliance.

5. And finally, anti fraud activities has reduced the probability of enterprise fraud and has acted as a major deterrent to fraudulent activity.

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