SOX transforming revenue recognition policies.Some 55 percent of all public companies have changed revenue recognition policies as a result of SOX (1) (Schema for Object-oriented XML) An XML schema developed by Veo Systems and Muzino Communications, which was submitted to the W3C. SOX is based on DTD, but adds data typing and reuse mechanisms. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey of 400 public and private companies conducted by CFO See Chief Financial Officer. magazine. And more change is on the way as 58 percent of public companies said their compliance processes may require additional investment, while 24 percent said additional investment is required. For more information, visit www.revenuerecognition.com/article.cfm/5077434. |
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