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 sox sod matrix


Ask the Experts Question Raises Some Interest: What do you know about Segregation of Duties and SOX?
Every so often, Technology Evaluation Centers (TEC) analysts—our in-house panel of experts—receive questions from readers on a variety of software-related

sox sod matrix  Compliance Issues Prior to SOX What is SOD? 5 Areas Where IT Processes Conflict with SOD SOD Checklist If you’re interested in learning more about SOX and SOD, we highly recommend that you visit TEC’s website to read this article. It will be published some time in August. We are certain that it will be a great source of information for any compliance-related projects your company might be involved in. But before you go… We’d like to learn a little more about what companies like yours are doing in

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Documents related to » sox sod matrix

Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues


The Sarbanes-Oxley Act (SOX) requires publicly traded firms to demonstrate that their accounting and reporting practices are in compliance with regulatory standards. Section 404 of SOX addresses the concept and practice of segregation of duties—a key aspect of this legislation, and the focus of this article.

sox sod matrix  Segregation of Duties Within SOX is a provision entitled Section 404. This section is a comprehensive list of accepted internal controls organizations must have in place to be deemed SOX-compliant. The list targets application internal controls and highlights areas where fraudulent reporting is likely to occur, whether intentional or not. Among key provisions in this section is segregation of duties (SOD). SOD aims to close loopholes that would otherwise permit questionable accounting practices; one of Read More

Does Supply Chain Management Software Make Sense in Wholesale Distribution? Part 3: Meeting the Objectives


Because the technology has become easier to implement, use, and maintain, many of the challenges to achieving the benefits that supply chain management software applications can provide have been removed.

sox sod matrix  supply chain software,supply chain,manufacturing scheduling software,supply chain consultants,supply chain consultant,supply chain companies,wms software,fulfillment services,logistics consulting,supply chain optimization software,production planning software,warehouse software,wms system,supply demand chain executive,supply chain consulting Read More

SOX Segregation of Duties Matrix


I'll get to the downloadable SOX segregation of duties matrix in a moment, but first let me address a question from one of our readers. Needless to say, I appreciate all feedback, including one recent comment regarding my article Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues: Mr. Hankewicz mis-states Section 404 in his article "Segregation of Duties and Its

sox sod matrix  get to the downloadable SOX segregation of duties matrix in a moment, but first let me address a question from one of our readers. Needless to say, I appreciate all feedback, including one recent comment regarding my article Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues : Mr. Hankewicz mis-states Section 404 in his article Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues.   He says this section (404) is a comprehensive list of accepted internal controls or Read More

Technology Hardware Maintenance-Acquiring and Managing Cost Effective Service


Hardware maintenance can represent a significant information technology cost, but options for managing that cost exist. If you analyze hardware maintenance from an enterprise perspective, you will identify those options and ensure the cost-effective delivery of those services.

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Requirement Traceability-A Tester's Approach


The value of a requirement traceability matrix is in its ability to track and monitor each requirement to be incorporated into the customer's product throughout the entire process of product development, and to detect defects at the earliest stage possible.

sox sod matrix  requirement traceability,requirement traceability matrix,RTM,usability,quality control,systems development life cycle,SDLC,variability,controlled processes,customer requirements,functional requirements,functionality,mapping and converting,high-level data,implicit requirements Read More

Records Management Becoming More Important Due to Compliance Regulations


Electronic media and corporate governance have complicated records management for enterprises. Properly defining information as corporate records and using a record management system can help enterprises meet regulatory compliance and reduce liability.

sox sod matrix  aspect within their organization. SOX was created to protect investors by improving the accuracy and reliability of corporate disclosures. Compliance regulations have a close relationship with information technology (IT). Financial reporting processes are deeply imbedded in different IT systems and most data (approximately 70 percent) is in digital format. Under SOX, executives are now liable for the security, accuracy, and reliability of the financial data within their organization. Standards and Read More

Thou Shalt Comply (and More), or Else: Looking at Sarbanes-Oxley


Compliance with the US Sarbanes-Oxley Act (and a slew of other regulations) is crucial for all businesses, as failure to comply with the law’s strict standards and policies can spell disaster for executives and upper management of any enterprise.

sox sod matrix  on an honor system. SOX Preying on (Almost) Everyone's Mind To put it into context, SOX was passed by the US Congress in response to the high-profile financial scandals involving companies like Enron, Tyco, and others. The idea was to make corporate accounting procedures more transparent to investors and regulators. Even before these scandals ever took place, the raft of missed earnings announcements that had for some time occupied headlines in the business press during the 1990s exhibited one common Read More

2008 Software Re"solutions"


A new year is upon us and with that, the word “resolution” comes to mind...res-o-l-u-tion – [rez-uh-loo-shun n] - noun 1. a resolve or determination: to make a firm resolution to do something. 2. the act of resolving or determining upon an action or course of action, method, procedure, etc. 3. the mental state or quality of being resolved or resolute; firmness of purpose. 4. the act

sox sod matrix   Read More

Financial Excellence: Closing Your Books Quickly


Find out in the white paper the financial close: optimizing performance and driving financial excellence.

sox sod matrix  compliance regulations—such as Sarbanes-Oxley (SOX)— producing quality financial statements and closing your books quickly is more difficult than ever . And the stakes are high. A fast financial close offers you time and cost savings; better relations with shareholders, investors, and regulatory agencies; timely, better-informed management decisions; more time for value-added analysis; and improved control systems and quality. But what are the barriers to a fast, high-quality close? And how can your Read More

Integration and Consolidation of Business Intelligence within Business Performance Management


A growing measure of business performance is financial performance management. Leveraging business intelligence (BI) to map business performance goals requires integrating and consolidating information. Systems Union is embarking on a strategy to triumph in this market.

sox sod matrix  most important part of SOX to BI and BPM are sections 302, 404, and 409, which deal with reporting procedures and internal control. Many companies comply with SOX by using spreadsheets, which can be a feasible, temporary solution, but compliance is a continuous process, and one which companies have to face every year. Spreadsheets lack the sophistication, for example, in terms of data sharing and report generation. Some, but not all BI vendors are automating processes to be SOX compliant, and by Read More

Dude, where (and how safe and pristine) is my hosted compensation data?


Sure, anyone observing the enterprise applications market and still naysaying the bright future of the software as a service (SaaS) on-demand deployment model and closely-related Web 2.0 technologies, is in serious denial or similarly delusional. He/she would sound similar to those lost souls that deny even a remote possibility of a global warming and climate changes, but, oops, this is not a

sox sod matrix  responsibility for their own SOX compliance. This brings us to the realm of on-demand sales performance management (SPM) and enterprise incentives management (EIM), which has been one of the areas with a significant uptake of SaaS deployments. Indeed, companies of all sizes increasingly use on-demand packages for sales compensation and other incentives management, to accurately and strategically model and forecast commission/incentives costs and benefits, calculate commission and bonus earnings and gain r Read More

Validate and Enforce Change Process for SOX Compliance


If the auditors came knocking, would you be prepared? When they do come, you’ll need to be ready to answer some tough questions regarding your change management processes. Implementing and assessing change management controls for Sarbanes-Oxley Act (SOX) compliance in the US can be a very expensive and time consuming process. Find out how you can reduce the SOX burden by improving the way you manage your change processes.

sox sod matrix  Enforce Change Process for SOX Compliance If the auditors came knocking, would you be prepared? When they do come, you’ll need to be ready to answer some tough questions regarding your change management processes. Implementing and assessing change management controls for Sarbanes-Oxley Act (SOX) compliance in the US can be a very expensive and time consuming process. Find out how you can reduce the SOX burden by improving the way you manage your change processes. Read More

Top 10 Ways the Transition to IFRS Will Impact Your ERP System


GAAP, or Generally Accepted Accounting Principles, have long defined the standards for accounting and related practices in the US. GAAP ensures that companies can produce documents that auditors can verify according to standardized accounting practices. GAAP is also important because it provides for consistency across industries and companies. A company using GAAP can have its

sox sod matrix  mention SOX-related issues, since SOX is a topic that deserves a blog post in its own right (stay tuned for that…) Now it’s your turn! Are you or will you be prepared for the transition to IFRS? {democracy:21} What do you think? Let me know by leaving a comment below! Read More