Internal Controls, Audit, Business Intelligence & Change Management
Governance, Risk Management and Compliance -
How Your Finance, Audit and BI Teams Can Work Together
to Reduce Liability and Meet SOX and Other Regulatory Requirements
If you are involved in the flow of information within a public company, you need to be aware of your obligations under Sarbanes-Oxley (SOX) and/or other legislation that regulates your industry. Increasingly, executives in public companies are becoming liable for misstatements of information, regardless of whether they were aware of how such misstatements occured.
It is no longer a question of what you know, but of what you should know, according to regulatory expectations.
What this potential liability means for finance, internal audit, business intelligence, and information technology practitioners is that they need not only to develop ironclad change management procedures, but also to develop methods for authenticating those change management procedures to the satisfaction of external auditors.
Listen to Boston Properties' David Pigott talk about how they used APOS Insight'sadvanced Audit capabilities to overcome obstacles to audit readiness while streamlining change management processes and managing resources efficiently:
Listen to the recording…
Read the Boston Properties Case Study
The published case study contains a more detailed look at the challenges Boston Properties faced, and the solutions they implemented, as well as more commentary from David Pigott.
Read the complete Boston Properties Case Study (PDF)...
SOX Audit & SAP BI Report Change Management
SOX compliance is an enterprise-wide responsibility, and one of the BI team's greatest contributions to SOX compliance is BI report change management. The BI team must stop the proliferation of reports so that the catalog is manageable, and it must proactively ensure that the BI report catalog is audit-ready.
Read more about SOX Compliance & SAP BI Report Change Management...
Four Things a CFO Needs to Know…
There are four very important things a CFO needs to know about audit, internal controls and change management.
Read more about the Four Things a CFO Needs to Know...
Sarbanes-Oxley in a Nutshell
What does SOX actually say about signing officer responsibilities and internal controls? How does the Public Company Accounting Oversight Board (PCAOB) figure in? What is the PCAOB Auditing Standard No. 5?
Learn more about SOX in a Nutshell...
Responsibilities & Opportunities
It is in the interest of the enterprise that risk assessment with regard to internal controls be as complete and transparent as possible. It is therefore essential that your internal audit team have the means and tools at their disposal to determine the effectiveness of internal controls and the change management process used to manage them. The responsibility to mitigate risk is also an opportunity to create value by fostering transparency and empowering individuals to make a difference.
Learn more about Responsibilities & Opportunities