This paper examines key issues for CFOs and CEOs in managing ERP systems in the new world of SOX, IFRS, Basle II. While most IT management attention seems to be on document retention, reporting quality, and security, there are broader issues to be considered toward ensuring good governance and compliance with regulations such as Sarbanes-Oxley, IFRS and Basle II.
formal technical review template
efforts of IS, the formal system and the actual business processes will have a widening gap over time. A periodic review of this gap will help focus attention on the problem. Olin Thompson, a principal of Process ERP Partners. Martin Butler and Olin Thompson are just two of the many consultants calling for constant vigilance and monitoring of ERP systems during their life cycle. The methodologies and tools for conducting management reviews are normally to be found in the CFO's area, and suit the skills