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Sarbanes-Oxley News & Developments
Sarbanes-Oxley - Section 302Finance executives scramble to comply with new reporting and certification requirements, while benefits caretakers seem to be watching from the sidelines.
> > Finance and HR often seem to live in two different worlds. Under Sarbanes-Oxley Section 302, CFOs and CEOs must certify that their companies quarterly and annual filings are true and that they omit no material facts. Facts about employee health care are becoming nothing if not more material: Employee benefits typically represent a third-biggest expense for a company, trailing only the cost of goods sold and non-manufacturing payroll.
Source: CFO
Published:2004-09-18
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