Identifying the building blocks to ensure that IT controls are totally integrated into the Sarbanes-Oxley compliance initiative. Description
Financial reporting processes are driven by IT systems that are deeply embedded in initiating, authorizing, recording, processing and reporting of financial transactions.
Financial reporting processes are driven by IT systems that are deeply embedded in initiating, authorizing, recording, processing and reporting of financial transactions. This session identifies the three key building blocks required to ensure that IT controls exist and are structured in a way such that their design, assessment and remediation is totally integrated into the Sarbanes-Oxley compliance initiative.
Areas Covered in the seminar:
* Building Block #1: Seamless integration of the three process-level controls - IT application controls, IT general controls and manual controls.
* Building Block #2: Automatic testing of process-level IT application controls and incorporation of its result into the overall results of the test suite.
* Building Block #3: Ability to easily define and assess relevant overall IT controls - typically derived from COBIT model - and reconcile them for the selected assessment framework such as COSO
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