Sox Compliance: Eleven Essential Controls for the Sme

SOX Compliance: Eleven Essential Controls for the SME February 27, 2008 12:00 PM By:Ross Armstrong blue to mid-sized enterprises (SMEs) shtup benefit from implementing take for objectives for governance, compliance, and improved security. The Securities and commute electric charges (SEC) recent Sarbanes-Oxley (SOX) announcement puts an end to several years of speculation, so SMEs must get on top of their obtain game. Executive Summary Sarbanes-Oxley (SOX) is here to stay for small to mid-sized enterprises (SMEs), which the Securities and Exchange Commission (SEC) defines as any publicly traded company with little than $75 million in market bonnetitalization. Despite the point that auditing standards have been adjusted for smaller organizations, many SMEs still pauperism to prioritize and strengthen those internal IT controls that protect information assets. The info Systems Audit and Control Association (ISACA) is the organization that sets standards for auditing and grants certification to auditors. rising studies from ISACA pinpoint the top controls that are the most important for SMEs. This explore note discusses: » The latest SOX developments in the SME space. » Key findings from the ISACA study. » Which tactics SMEs usher out use to satisfy internal IT controls.

SMEs must implement control objectives for compliance and improved security, but have limited agency to do so. The ISACA study prioritizes the most important IT controls so that SMEs can get on top of their control game. Optimization menstruation Sarbanes-Oxley (SOX) was enacted in 2002 as an anti-fraud measure in the wake of erect accounting scandals such as Enron and WorldCom. Until recently, the Securities and Exchange Commission (SEC) apply the same SOX auditing practices to all companies, regardless of their size, infrastructure, level of risk, or purchasable resources. As long as it was publicly traded, whether the market cap was less than $75 million or more than $ nose candy billion, the same... If you want to get a full essay, order it on our website: Orderessay

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