Reducing the Cost of SOx Compliance - Learning From ISO9000 Implementation

Overview

CFOs looking to reduce the cost of sustaining SOx compliance look no further than their Quality Management organization. The techniques that helped a manufacturer reduce the cost of staying compliant with ISO9000 will also enable a CFO to sustain SOx 404 compliance at significantly lower costs. When US manufacturers started implementing the quality management standard - ISO9000, the initial cost of compliance was very high. Every process had to be documented, almost every employee had to be trained and change control procedures for process and documentation had to be put in place. As a result, ISO9000 certification and its ongoing compliance were widely assumed to be only fit for companies with lots of resources.