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Case
Study Sarbanes-Oxley Case Study: "3 Clicks to Compliance" (CONTINUED) The cost of the Compliance Playbook® was under $40,000 and the manpower required to execute the project was much less than with other solutions. -Low IT overhead and low maintenance on an ongoing basis with open databases and use of standard tools with a Web-based client. -Perform the appropriate testing of control points and then rapidly report progress to management for action. Within thirty days of launching the Sarbanes-Oxley project Mr. Dugas was able to provide a preliminary report to the Audit Committee regarding progress and some views of company processes at its various locations. Needless to say, committee members were impressed with the depth of the information and the speed with which it was delivered. This added to their comfort in their overall project objectives. |
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Mr. Dugas says "You never really complete a governance and compliance project, but rather take snapshots along an ongoing continuum. With strong management commitment and flexible tools such as the Issues Central Sarbanes-Oxley Compliance Playbook® , we were able to both lay a solid foundation at Penn Virginia for effective and efficient internal controls environment and be prepared to meet any changes with respect to the Sarbanes-Oxley legislation." About
Penn Virginia: Penn Virginia Corporation (NYSE: PVA) is an energy company
engaged in the domestic exploration, acquisition, development and production
of crude oil and natural gas. Through its ownership in PVA is also in
the business of managing coal and timber properties. PVA is headquartered
in Radnor, PA. |
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