1. Set responsibility for IT risk management.
2. Set objectives and define risk appetite and tolerance.
3. Identify, analyse and describe risk.
4. Monitor risk exposure.
5. Treat IT risk.
6. Link with existing guidance to manage risk.
Developing good IT risk Management is a key to successful Sarbanes Oxley Implementation, and above all the basic six activities that support them.
Popularity: […]
Popularity: 16% [?]
The Sarbanes-Oxley Act has many provisions. Sections 101, 302, 404, 409, and 906 are the key sections with relevance and impact on information services departments.
Section 101
In section 101, the PCAOB is established as the governing agency to create auditing standards and rules for public companies. In addition, the PCAOB is given the authority to regulate […]
Popularity: 9% [?]
Top Six US Regularatory that impact information security and controls, yup it excludes Sarbanes Oxley Sec 404
1. U.S. Health Insurance and Portability and Accountability Act (HIPAA)—U.S. standards on management of health-care data
2. Basel Accord Standard II—European banking requirements
3. U.S. Federal Information Security Management Act (FISMA)—Security standards for U.S. government systems
4. Committee for Sponsoring Organizations of […]
Popularity: 5% [?]
Below top 10 tips how to build effective application control for your information system audit, sarbanes oxley audit or just want to improve your internal application security controls:
1. Apply defense-in-depth.
2. Use a positive security model.
3. Fail safely.
4. Run with least privilege.
5. Avoid security by obscurity.
6. Keep security simple.
Popularity: 10% [?]
Popularity: 10% [?]
1. Perform Assessment with current and future internal controls strategy
Reperform assessment with current and future internal controls strategy is the first thing that should be done on cost reduction strategy.
2. Limiting the number of key controls
(i.e., the controls that have to be tested) by adopting a top-down, risk-based approach that focuses on controls that will […]
Popularity: 14% [?]