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HIGHLIGHTS OF THE SARBANES-OXLEY ACT SOX was signed into law on July 30th, 2002 by U.S. President George Bush to boost security and enforce the reliability of corporate disclosures. The intent is to enforce accuracy at every financial level of a company. The SOX act states: "... the principal and the signing officers are responsible for establishing and maintaining internal controls ..." Under this law, CEO's and other upper level management must personally vouch for the truth and fairness of their companies' disclosures. This encompasses all the activities of a company's customs department, including its NAFTA activities. As with any other financial commitments, you need to be able to substantiate all of your NAFTA claims. Lack of such protocols and procedures is contrary to SOX requirements and could result in dramatic punitive measures such as fines of $5 million and 20 years imprisonment. You need to ensure your NAFTA processes keep you no less than 100% accurate — no mistakes, nothing missed. Visual NAFTA™ has all the features you need to help ensure that you stay on the right side of the law while optimizing your NAFTA benefits. Call toll-free 1-877-328-7866 and talk to one of our global
trade compliance consultants. They'll help you analyze your requirements, evaluate
your options, and provide focused product demonstrations. Or send an email to
info@eCustoms.com. |
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VISUAL NAFTA |