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CFOs: Sarbanes-Oxley has valuable benefits to energy companies.(Sarbanes-Oxley Act of 2002)

Publication: Oil and Gas Investor

Publication Date: 01-JUL-05

Author: Taylor, Bertie
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COPYRIGHT 2005 Hart Publications, Inc.

The impact of Sarbanes-Oxley is still being felt by chief financial officers striving to see it as a blessing.

One benefit is that SOX forces many companies to pay attention to the "stuff in the back room," says Devon Energy Corp. CFO Brian Jennings. He was among panelists at the recent KPMG energy conference in Houston.

"404 really is a beneficial process," Jennings said. "The first thing you focus on as a company, especially post-acquisition, is functionality. You make...

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