Pelagic Technologies

About the Sarbanes - Oxley Act

Publicly traded companies across the United States are scurrying to document their processes and to deploy software packages that will put them in compliance with the Sarbanes - Oxley Act. The law, officially known as the Public Company Accounting Reform and Investor Protection Act and enacted in July 2002, requires companies to make new disclosures on internal controls, ethics codes and the makeup of their audit committees on annual reports. While there is a legal burden for US based traded companies to comply, many other global players use the opportunity to demonstrate that their businesses follow globally accepted standards, similar to their voluntary compliance toward GAAP regulations. With Sarbanes & Oxley, companies are held to a new level of accountability and executives are challenged to demonstrate financial transparency and good corporate governance to investors.

Pelagic Technologies' Sarbox Accelerator

At Pelagic Technologies, we have devised a Sarbox approach which will allow your team to capture process information within a central data repository and reuse it, whether it is for compliance management reasons or for process improvement activities. Since Sarbanes - Oxley projects are not just a one-time compliance exercises but ongoing efforts, this re-usability aspect is critical to our customers. Our Sabanes - Oxley Accelerator will help you to create a risk relevant Data Repository and diagrams providing you with the risk relevant information in a single view. We will help you manage & track risk management activities through a workgroup module and finally to analyze your risks by processing the data you captured in your Data Repository.