Euro-SOX - The 8th EU Directive
Posted by Martin Kling on Jun 19, 2008
Talking about financial reporting is an abstract topic for many. Even more if the topic of the speech is about the European directive on the regulation of auditing companies. Still the first topic of the GRC track on ARIS Process World drew many people into room C. This is remarkable as for many the end of last night’s evening event was only hours away.
Will “EURO-SOX” pose new challenges to Governance, Risk and Compliance Platforms?
Posted by Martin Kling on Apr 13, 2008
by Martin Kling,Solution Manager Governance, Risk & Compliance
In 2008 the 8th directive of the European Commission will be implemented by the respective national law in most European Countries. This is currently producing a heated discussion and much fear of an European Sarbanes Oxley Environment with all the negatives the SOA brought when implemented in the USA. To put it bluntly this is not the case. The 8th directive is mainly addressing the environment and proceedings of auditing companies. Only very limited regulation addresses the companies in Europe directly.
