Redmond, Wash. (Dec. 19, 2003) -- Microsoft is readying a line of the applications that customize its desktop applications for specific lines of business aimed at helping companies comply with Sarbanes-Oxley requirements. Slated for a March 2004 release, Office Accelerator for Sarbanes-Oxley will be the latest in Microsoft's Office Accelerator program. These include an Office 2003 Accelerator for proposal management and an Office Accelerator that helps format financial documents in Extensible Business Reporting Language (XBRL).
“Current regulations under the new Sarbanes-Oxley law mandate that all publicly traded companies file certain reports and statements before Dec. 31, 2004,” said Robert Bernard, director of program management in Microsoft’s information worker new markets group. “Microsoft’s goal is to meet customer needs in a low-cost, high-quality way and we saw that we could help meet compliance needs by building a new tool on a foundation of existing products that many of our customers have already licensed -- or will want to license for multiple reasons.”
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