ITIL/ITSM Benefits for Sarbanes Oxley (SOX) 404
Some of direct or indirect benefits of ITIL/ITSM for Sarbanes Oxley (SOX) 404:
1. Sarbanes Oxley Act or SEC give no clear guidance for IT, so most of the CIO will enable the IT Infrastructure Library (ITIL), to ensure that their processes for supporting financial data are sound.
2. Sarbanes Oxley Act is about assessing risk. While risk assessment is an element of ITIL, it isn’t the framework’s primary focus.
3. The Sarbanes-Oxley Act requires only that companies establish controls over the systems relating directly to financial reporting. ITIL, Cobit and other frameworks for IT help companies put in place general controls for IT a good thing to have, but much broader than the narrow scope required by law.
4. The best practices in ITIL support some of the processes now required by Sarbanes Oxley Act
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