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Edcor Procedures in Place as Sarbanes-Oxley Deadline Looms

"The Corporate world is facing a radical new era in its auditing and accounting practices and it will all begin in less than 100 days", says Edcor, Chief Operating Officer, Russ Milano. When discussing the Sarbanes-Oxley Act, Mr. Milano sites the act's April deadline and the need for corporations to comply with the "whistle blower" process which companies must have active by the April 2003 deadline. Mr. Milano urges companies to "plan their whistle blower compliance strategies now, while there is still time."

Mr. Milano adds, that all companies large and small need to evaluate the cost of handling such a service "in-house" versus outsourcing the work. The time, internal resources, and costs associated with keeping the process in-house will quickly add up and for many companies become unaffordable. Limited solutions such as voice-mail have proven to be inadequate, compromising the caller's anonymity and increasing their fear of retribution. Those organizations that wait may find themselves unable to have a solution implemented in time to meet the April deadline.

When explaining Edcor's vast compliance and hotline experience, Mr. Milano points out the value of using an independent third party in soliciting honest employee feedback and the importance of making available a means of reporting problems or concerns to someone outside the supervisory chain who is able to take quick and decisive action. Mr. Milano reiterates, "now is the time to start preparing compliance procedures to meet the April deadline, whether handled in-house or outsourced." Despite the publicity generated from Time Magazine naming the "whistleblowers" as its Persons of the Year, few companies have begun to focus on their own whistle blower process.

About EDCOR
Edcor currently operates outsourced contact centers for more than 80 Fortune 1000 organizations. Utilizing advanced contact center technologies, extensive software development capabilities and process management expertise, in both customer and employee programs. Edcor supports a wide variety of these programs including: sexual harassment hotlines, compliance hotlines, Sarbanes-Oxley hotlines, tuition assistance programs, employee outplacement programs, wage and employment verification services and corporate education programs.

To learn more about Edcor's hotline services, call 1-888-944-7997
or e-mail Sarbanes-Oxley@edcor.com.
Edcor is based in Pontiac, Michigan. www.edcor.com.