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Sarbanes-Oxley Success for UK

The Sarbances-Oxley may be giving American CEOs nightmares. For one UK company it has been a godsend.

Management Consulting Group, derives two-thirds of its turnover from the US. They have been particularly successful in helping companies enhance their internal controls.

Strengthening the controls inside a company are essential to ensure compliance with section 404 of the Act.

The first deadline for companies to comply arrives in November. Accounting accuracy and regulatory compliance has to be in place by then.

MCG saw its income increase to £62.9m from £43.3m for the first 6 months. The performance helped by the regulatory wall between auditors and consultants from the same firm advising a single company.

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