Quick and easy implementation and maintenance guide for ongoing Sarbanes-Oxley complianceFor most companies, achieving compliance to the Sarbanes-Oxley Act (SOX) has proven to be more challenging, and more costly, than initially anticipated. In many cases, initial and second-year compliance efforts were found to have strained company resources, causing a shift of focus away from such areas as internal audit in order to meet SOX requirements.Sarbanes-Oxley Ongoing Compliance Guide: Key Processes and Summary Checklists provides controllers, CFOs, and auditors with step-by-step guidance to setting up an ongoing compliance program for SOX in a quick, easy-to-follow manner. This essential book discusses crucial issues such as who should spearhead Sarbanes-Oxley compliance, how it should be set up, and which SOX issues need to be monitored by function.Highlighting the key issues that need to be addressed, this book provides your organization with practical tools including customizable checklists sorted by function for the SOX implications that correspond to various business functions, such as finance, accounting, IT, and management fields.Today, more than ever, a properly structured internal audit function can be a tremendous benefit to an organization, impacting not only regulatory compliance, but also operational excellence. Concise and clear in presentation, Sarbanes-Oxley Ongoing Compliance Guide: Key Processes and Summary Checklists shows you how to help your organization put in place a successful enterprise risk management program. This important book arms you with the vital components of a detailed compliance plan that makes the most of technology to assist in reducing ongoing compliance costs.
Author(s): Anne M. Marchetti
Year: 2007
Language: English
Pages: 96
SARBANES-OXLEY ONGOING COMPLIANCE GUIDE......Page 5
DEDICATION......Page 7
TABLE OF CONTENTS......Page 9
PREFACE......Page 13
THE ORIGINS OF THE SARBANES-OXLEY ACT......Page 15
GENERATING VALUE FROM COMPLIANCE......Page 16
MOVING BEYOND INITIAL COMPLIANCE......Page 19
REMEDIATION PRIORITIZATION......Page 24
CURRENT COMPLIANCE CHALLENGES......Page 31
FUTURE STATE OPPORTUNITY: COMPIANCE OPTIMIZATION......Page 32
ISSUES TO CONSIDER WHEN OPTIMIZING COMPLIANCE......Page 34
RIGHT-SIZING BEST PRACTICES......Page 41
THE ROLE OF INTERNAL AUDIT: BALANCING THE COMPLIANCE AND AUDIT FUNCTIONS......Page 45
THE EVOLVING ROLE OF THE AUDIT COMMITTEE......Page 48
CHAPTER 3: THE TIME HAS COME FOR ERM......Page 53
THE BENEFITS OF ERM: VALUE PRESERVATION AND CREATION......Page 56
IMPLEMENTING ERM......Page 57
ENTERPRISE RISK MANAGEMENT CYCLE......Page 60
RISK MANAGEMENT REQUIRES A WELL-INFORMED AUDIT COMMITTEE......Page 64
MAXIMIZE FUTURE PERFORMANCE THROUGH BPM AND ERM INTEGRATION......Page 67
CHAPTER 4: ADDRESSING COMPLIANCE CHALLENGES THROUGH AUTOMATION......Page 71
SOFTWARE CAN ADD VALUE BEYOND COMPLIANCE......Page 73
CONTINUOUS MONITORING TOOL CONSIDERATIONS......Page 78
THE CONTINUOUS MONITORING PROCESS......Page 79
RISK MANAGEMENT SOFTWARE......Page 81
UNIFYING FINANCIAL STATEMENTS, CLOSE TASKS, AND SOX CONTROLS......Page 82
PLAN, DESIGN, AND BUILD......Page 87
IMPLEMENT......Page 88
INDEX......Page 89
