February 04, 2008

Commentary: Postal Service readies for Sarbanes-Oxley Act

The 2006 Postal Accountability and Enhancement Act includes a mandate that the U.S. Postal Service comply with Securities and Exchange Commission rules that implement the Sarbanes-Oxley Act (SOX) by fiscal 2010. The act requires corporations to report on the effectiveness of their internal controls, with the goal being to ensure the accuracy of financial reporting. The Postal Service is the first federal agency mandated to comply with the act and thus faces unique challenges

FederalTimes.com

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