Why Enterprise Risk Management is Vital: Learning from Company Experiences with Sarbanes-Oxley 404 Compliance - Download PDF

  • Item No. : 5053.dl
  • ISBN : 978-0-89413-671-9
  • Publisher : The IIA Research Foundation
  • Publish Date : 2009
  • Authors : Steve G. Sutton, Vicky Arnold, Tanya Benford, and Joseph Canada
  • Media : Download
  • Page count : 24
  • Member Price : $0.00
  • Non-Member Price : $40.00

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The purpose of this study was to investigate the impact of the U.S. Sarbanes-Oxley Act of 2002 Section 404 internal control reporting and assurance requirements on the performance of small- and medium-sized enterprises.
 
The results indicate that effective enterprise risk management (ERM) processes should be an integral part of an organization’s strategic vision and operations. Well-controlled companies that manage their risks are shown to have better strategic flexibility, better performance, and enhanced value. Ultimately, the results suggest that the Sarbanes-Oxley Section 404 compliance process helped most organizations and that better controls lead to more successful businesses.
 
The IIA Research Foundation is a 501(c)(3) corporation formed to expand knowledge and understanding of internal auditing by providing relevant research and educational products to advance the profession globally. Learn more about The Foundation.