Avoiding Sarbanes-Oxley Pitfalls
The basics of Sarbanes-Oxley compliance are covered in this article by Theodore F. di Stefano for E-Commerce Times:
"Management must establish a code of conduct and ethical behavior that absolutely permeates the entire organization. Management must consistently set and live that code. There is nothing as demoralizing as having to comply with rules that are roundly ignored by those establishing the rules...
The overriding principle is that each and every item in your financial statements has to arise from a transaction that will stand the utmost scrutiny -- that means no conflicts of interest, no booking of income on a promise and recording all items of income and expense in the period earned or incurred."
