SOx 404 Checklist: Do you have "Internal Control" of your Revenue?
Type:White Paper
| Company:Softrax - a division of AFS Financial Solutions
The Sarbanes-Oxley Act requires proper internal controls and procedures to ensure correct financial reporting of public companies. To ensure compliance the law specifically requires companies to:
* Establish internal controls and procedures
* Certify their completeness and quality
* File an Internal Controls Report
* Have an external auditor attest to the adequacy of your internal control system
One of the key reporting elements and the item, which was the leading cause ...
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The SOx 404 Compliance Countdown...
Type:White Paper
| Company:Softrax - a division of AFS Financial Solutions
This white paper examines revenue recognition compliance for technology companies. By virtue of their complex business models and revenue accounting, technology firms are challenged to get their revenue recognition practices in line with demanding regulations for internal controls. An underlying cause is the common use of multi-element contracts that require different revenue recognition treatments for various contractual elements, such as: services, licensing, maintenance, recurring revenue, an...
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Sarbanes-Oxley white paper: Key Issues for CFOs and CEOs
Type:White Paper
| Company:Softrax - a division of AFS Financial Solutions
This white paper reviews the Sarbanes-Oxley Act in a clear and concise manner. Key reporting and certification requirements challenges for CEOs and CFOs are among the nine elements your company should be most aware of when working towards full compliance. Read the details in this whitepaper.
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Even If You're Private: What You Should Know About Sarbanes-Oxley
Type:White Paper
| Company:Softrax - a division of AFS Financial Solutions
The Sarbanes-Oxley Act of 2002 (SOx) is the most far reaching legislation affecting the federal securities laws since they were created in the 1930’s. It impacts everything from the role of auditors to public reporting of stock trades by management, from committee independence to reporting of off-balance sheet transactions, and from officer loans to employee whistle blowing. The ideas presented in this white paper will help private companies avoid pitfalls that could interfere with important fut...
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The Revenue Compliant Enterprise, Part 1: Achieving Accurate Revenue Accounting
Type:White Paper
| Company:Softrax - a division of AFS Financial Solutions
Revenue accounting is under greater scrutiny and becoming more complex. To successfully manage all the operational and regulatory requirements, many different processes must be controlled throughout the enterprise. This white paper discusses the major processes and describes the key success factors necessary for enterprise-wide revenue compliance.
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