One could easily imagine a corporation that doesn’t look too bad on its first audit, but some material findings emerge related to SOX 404 issues [Security Control for SOX, Dennis C Brewer]. The company fixes some things and then gets audited by a different team capable of a more detailed technology audit, leading to more […]
Popularity: 52% [?]
SOX consists of 11 titles, with each title having multiple sections.
Title I
Title I of SOX created a Public Company Accounting Oversight Board (PCAOB) that has extensive authority to regulate the auditors and audits of publicly held companies. The PCAOB is a nonprofit organization with strong ties to the SEC. Partial funding for the PCAOB comes […]
Popularity: 63% [?]
At the beginning of the twenty-first century, the U.S. market and its investors were stunned by a string of corporate and accounting scandals. For several years, the Enron Corporation, an energy company, participated in a number of partnership transactions that lost the organization a substantial amount of money. In 2001, Enron reported that it had […]
Popularity: 67% [?]
Financial statements present information about an organization’s financial resources and liabilities at a point in time, the results of its activities during a particular period, and its flow of cash during that period. In the for-profit world, these statements focus on information that is useful in making investment and lending decisions. In the nonprofit world, […]
Popularity: 60% [?]
Currently, only a few of the provisions in SOX directly apply to nonprofit organizations. Nonprofits are required to adhere to Title III, Section 806, and Title XI, Section 1107, which provide protection to employees who report suspected fraud or other illegal activities. In addition, Title VIII, Section 802, and Title XI, Section 1102, which address […]
Popularity: 59% [?]
Traditional approaches to IT management have included centralized, decentralized, federal and distributed structures, which also serve as useful labels for IT governance models (Peppard and Ward, 1999; Schwarz and Hirschheim, 2003).
The centralized IT governance model relies on a strong, positive, capable IT steering committee that is able to interact with the board directly, or through […]
Popularity: 82% [?]
Implementing risk control matrices for Sarbanes Oxley Compliances mean implementing a lot of control. Some how most of control tend to be very excessive. Below some explanation why people allergic to excessive control and how to manage it.
Interference does not improve employee performance; improvement is accomplished by motivating, allowing freedom of action, and understanding the […]
Popularity: 32% [?]
Security Procedure Compliances Forum