It Governance: How Can Technology Be Used To Address Sox Section 404?

Running head : SOX SECTION 404IT Governance : How Can engineering science Be Used to source SOX atom 404[Author s Name][Tutor s Name][Class]Abstract fraction 404 of Sarbanes-Oxley issue puts excess expert responsibilities onto the public companies in the way they tell apart through and manage their monetary transactions . engineering whitethorn substanti eachy press forward the extremity of forming new Web-enabled solutions , which deliver for allow usual and inner entropy users find entropy stores without reservation enterprises vulnerable to international threats . Extensible Business Reporting style can be used as one of the closely reliable instruments for exploitation ERP solutions , web services , and continuous auditing systems . These technologies go out guarantee smooth accordance eliminating the n eed to address manual(a) instruments of financial manage .IT Governance : How Can Technology Be Used to Address SOX plane section 404IntroductionSection 404 of Sarbanes-Oxley Act puts additional technological responsibilities onto the public companies in the way they report and superintend their financial transactions . In the wake of historic corporate scandals including Enron and WorldCom , SOX prescribes a thread of dividing line coverage requirements and management chequers (Tizor 2008 . In usual terms , Section 404 of SOX requires that companies implement a whole range of national report systems to control internal financial procedures and monitor the effectiveness of the internal financial structure . Technology is the built-in component of Section 404 shapeSection 404 : technology as the integral component of SOX formBy requiring companies to control the one of financial data , and to show and give that the necessary control components are in place SOX Secti on 404 implies the need for implementing a s! et of specifically designed erudition technology solutions . These technologies essential provide data management and safeguard from a holistic perspective , and must help fix a hyper-networked information environment , where internal and external partners provide manipulate their data stores by means of authorization .

In this context , technology may substantially facilitate the process of forming new Web-enabled solutions , which will allow usual and privileged data users access data stores without making enterprises vulnerable to external threats . sequestration of duties is the primary member of IT operational policies under Section 404 compliance this element is except supple mented by Application DBAs who modify confuse structure and transfigure data as necessary (Tizor , 2008 segregation of duties and Application DBAs have particularly important when it comes to specific financial elements , including requisition accounts collectible and cash management components (McIntosh , 2007 Segregation of duties course of study will visualize that the requisition process is valid and that supererogatory work is eliminated the accounts collectable process will be modify to make all critical vendor information getable to authorized users . The depreciation of fixed assets is also impossible without integration user-defined depreciation technologies into partnership s IT systemsWhen companies look for effective Section 404 compliance solutions special aid should be paid to monitoring access failures , schema changes , and now data access . Information Technology is critical for achieving compliance cost-effectively . Systems such as ERP are mandato ry to be profoundly integrated into the creation , a! uthorization , and reporting of financial data (Li et al...If you want to get a full phase of the moon essay, order it on our website: OrderEssay.net

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