ARIBA SPEND MANAGEMENT: Sarbanes–Oxley Discovery Tool: October 2003

ariba — Mon, 08 Oct 2007 22:13:35 +0100

confidence. As a result, Corporate Governance has moved to the forefront of business agendas. There is an
increasing focus on corporate accountability and compliance with regulators holding top executives personally
responsible for misrepresentation of company performance. In fact, new regulations explicitly address this
shift:
• In the United States, the Sarbanes-Oxley Act seeks corporate accountability for financial reporting
and disclosure of internal business controls and processes.
• In Europe, mandated adoption of the Internal Accounting Standards (IAS) by 2005 sets profound

Sarbanes Oxley

ARIBA SPEND MANAGEMENT: Sarbanes–Oxley Discovery Tool: October 2003