Archive for the ‘Franchise Financing’ Category

What is the Sarbanes-Oxley act and how does it affect your business?

Saturday, October 14th, 2006

Given that payroll, HR management and benefits administration generate a large number of transactions and involve large dollar amounts on companies’ financial statements, their administration is considered to be “in scope” under Section 404 of the Sarbanes-Oxley Act (SOX) and CSA Multilateral Instrument 52-1111. Though compliance with existing employment and income tax legislations is already [...]