|
Managing Supply Chain Liability for Sarbanes-Oxley
Sarbanes-Oxley 401(a)(j) and 404 requires companies to disclose off-balance-sheet liabilities resulting from transactions and agreements that have material impact on future financial performance. With Fogbreak’s Supply Chain Risk Management applications, you can track and manage off-balance sheet liability for Sarbanes-Oxley compliance.
Fogbreak Identifies Liability
With Fogbreak, companies gain:
-
Sarbanes-Oxley compliance for reporting off-balance sheet liability
-
An auditable process for control of off-balance sheet liability
-
Minimized supply chain liability by executing an optimized action plan based on changes in demand and supply
-
Reduced cost of Sarbanes-Oxley compliance by eliminating manual effort
Capabilities
-
Calculates and reports total off-balance-sheet liability for Sarbanes-Oxley compliance
-
Real-time audit and analysis through codified off-balance sheet liability agreements
-
Manages true net liability with prioritized, time-phased actions to mitigate total exposure
-
Maintains supply chain control of off-balance sheet liability through financial analysis of changes in supply and demand
Sarbanes-Oxley Consulting
Fogbreak’s Sarbanes-Oxley Strategic Consulting Service solves the most complex challenges of identifying and reporting off-balance sheet liabilities for direct materials sourcing. This service provides the auditable control CFOs require for reporting and analysis of off-balance sheet compliance.
Fogbreak delivers an action plan detailing all the steps required to mitigate the financial risk of the reported liability. This action plan demonstrates process control required by sections 404 and 401 that relate to off-balance sheet liability. By providing a path to reduce total reported exposure to a smaller net liability number, Fogbreak ensures processes are under control so that CFOs can report direct material spend liabilities with confidence.
|
