Content area
Full text
PROTIVITI, A PROVIDER of business and technology risk consulting and internal audit services, recently released a set of guidelines aimed at helping organizations comply with section 301 of the U.S. Sarbanes-Oxley Act of 2002. Often called the "whistleblower provision," section 301 calls for companies to have systems in place for receiving and handling confidential reports of questionable accounting or audit practices. However, when the U.S. securities and Exchange Commission (SEC) established rules to meet this requirement, it did not outline specific procedures for doing so.
'While the intent of the rule is clear, the SEC noted there is no one-size-fits-all approach to establishing...