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What is the single most challenging Sarbanes-Oxley issue today?

Eric Keller

Over the past year, documentation of the financial control environment has been the focus of corporations in preparation for their first Sarbanes-Oxley attestation. However, Sarbanes-Oxley compliance is more than documentation. A far more serious issue for corporations is the lack of mechanisms to monitor, enforce and improve controls. A failure in the control environment will lead to the biggest concern: financial restatement. Even in the best financial environments, there are many potential areas of weakness in control points, from simple human errors such as failure to complete a control and failure to follow up on an issue, to a more serious issue such as failure of a revenue account to reconcile. To fully meet the challenge and address the goals of Sarbanes-Oxley, corporations must have the ability to automatically detect non-compliance issues and track the issues to resolution.

Eric Keller, president and chief executive officer, brings to Movaris more than 20 years of experience as a financial executive in high-growth technology companies, giving him unique insight into the efforts of public companies to comply with a wide range of regulations. His business background encompasses corporate and international finance, public offerings, acquisitions, intellectual property licensing, and financial information systems, and he has worked with companies in capital goods, services, and health care. Throughout his career, he has built strong finance functions to support rapidly expanding technology companies and has completed more than $400 million of private and public financings.

Mr. Keller has extensive experience in corporate compliance with government agencies including the SEC and the FDA. Most recently, he has served as the CEO of a high-technology startup and is currently the non-executive chairman of the board of Marimba, Inc., a provider of products and services for software change and configuration management.He has been the CFO of Corio Inc., an enterprise application service provider; Aspect Communications, a provider of contact center solutions and services; Dionex Corporation, a manufacturer of scientific instruments; and Ventritex,Inc., a medical device manufacturer.

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