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S-Ox and the Need to Audit IT Processes

Overview A disciplined approach to internal process controls and good IT governance are the keys to complying with Sarbanes Oxley. Section 404(a) calls on companies to identify the framework used by management to evaluate the effectiveness of their internal control and then to attest to the effectiveness of these controls in the year end financial report. There are available frameworks, such as COSO, to establish internal control over financial reporting, COBIT for IT governance and maturity models, such as the Capability Maturity Model for software, all suited to establishing good IT governance practices and assessing and measuring the effectiveness of IT processes.

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Publisher
Simplex Knowledge
File Format
HTML
Date Published
Mar 16, 2009
Format
White Papers
Topics
Sarbanes-Oxley, Finance

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