Improve your accountability, not your liability
OLAP Office™ 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 visualize 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
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.