Audit Considerations for Enterprise Software Implementations
Part 1: Project Planning and Management
Joseph J. Strub - October 20, 2003

Introduction

Recent scandals in the corporate world have created a refreshed awareness of the audit function. A direct by-product of these scandals is the Sarbanes-Oxley Act of 2002 (SOX), which gives legal and financial muscle to the assurance of the integrity, reliability, and accuracy of financial reporting and corporate disclosures. In fact, based on a recent survey of CFO’s and IT executives, 71 percent of the respondents believe that Section 404 of the Act, which requires business process audits and documentation to support internal controls certification, is the most critical part of SOX. While some may argue that the Act does not go far enough, it is surely a positive, aggressive start...