Financial standards: how to pass your audit 29 August 2011
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Bump it!Financial standards: how to pass your auditBy Lisa Arthur, Chief Marketing Officer of Aprimo
Financial accountability is becoming more and more important for organisations and has come under scrutiny in the past decade particularly. The US introduction of the Sarbanes-Oxley Act (SOX) imposed various standards and this was followed in 2004 in Australia with the Corporate Law Economic Reform Program (CLERP).
These regulations demand of organisations stricter procedures for financial reporting, raising the bar on financial accountability across all areas of the organisation to insure they remain in compliance. However, marketing departments in particular can struggle with proving accountability.
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