Beijing, China, June 26, 2009 --(PR.com
)-- Vast Talent, the first company to launch an integrated suite for compliance with China’s Basic Standard for Enterprise Internal Control, today announced that it has launched a new white paper. Key Technologies for China SOX Compliance can be downloaded from Vast Talent’s website free of charge.
This regulation, which was sponsored by the Ministry of Finance, China Securities Regulatory Commission, the National Audit Office, China Banking Regulatory Commission and China Insurance Regulatory Commission, is intended to increase the effectiveness of internal controls in Chinese companies, thus reducing risks for companies and their stakeholders. It goes into effect this year.
The Basic Standard for Enterprise Internal Control (also known as “China SOX” or “C-SOX”) requires Chinese companies to conduct self-evaluations of their internal controls, publish an evaluation report on an annual basis and hire qualified agencies to audit the effectiveness of their internal controls. The Basic Standard will apply to thousands of listed, private and state-owned companies throughout China.
Alex Raymond, Founder and CEO of Vast Talent, commented: “Companies in China may not have access to the latest and best technologies for regulatory compliance. We put together a simple guide to some high-impact tools to help companies comply with the requirements of C-SOX.”
To download your copy of Key Technologies for China SOX Compliance, please visit http://www.vast-talent.com/en/compliance_solution_for_china_basic_standard_for_enterprise_internal_control_csox.html
About Vast Talent (www.vast-talent.com)
Vast Talent is the first company to offer an integrated compliance suite for China’s Basic Standard for Enterprise Internal Control (C-SOX).
The company was founded in 2008 and has offices in Hong Kong and Beijing.
+86 10 5920 8395
+852 8175 7500