With finance departments and CEOs or CFOs being held personally accountable under the ever-stringent requirements of Sarbanes-Oxley (Sarbox) in particular, the need for an asset tracking system has never been greater for US companies. Penalties built into Sarbox can be severe for non-compliance, false declarations and other violations.Failures in fixed asset accounting can easily contribute to potential violations of Sarbox, under/overestimating the value of fixed assets or the incorrect application of depreciation rules.
For many US accounting departments, fixed asset software consists of the good ole’ spreadsheet. continue reading »
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Categories: Uncategorized | Tagged: accounting, accounting software, Inventory management software, sarbanes oxley, sarbox, sarbox compliance software, sox, spreadsheet | No Comments