Tag:
auditing
Latest Headlines
Latest Headlines
After nine years, lessons from Sarbanes Oxley compliance
Let's start this with some good news on the ninth anniversary of Sarbanes-Oxley. According to the "2011 Sarbanes-Oxley Compliance Survey" by Protiviti, nearly 90 percent of more than 400 respondents
Financial services industry adoption of GRC systems disappoints
If there's one industry that seems tailor made for more rigorous adoption of formal GRC programs, it would be the banking industry. The imperative is extreme at all levels--governance, risk
FCPA compliance sustainability--can financial controls help?
The Foreign Corrupt Practices Act (FCPA) is a hot topic from an enforcement point of view, which means it should be a front-burner issue at any company that does international business. You do not
McAfee's deal for Sentrigo highlights database security
Will McAfee's push for better database security prompt other firms to enhance their offering as well? We can only hope the arms race steps up. Recall that in its pursuit of an end-to-end security
How to make auditors more accountable for financial firms?
Sarbanes-Oxley has ushered in better accounting and financial control practices at many firms. Witness the reduction in restated earnings over the year among big companies. But as recent events have
User-developed applications pose compliance challenges
We've noted before that the GRC movement, fairly or not, often relies on spreadsheets in their marketing. According to a lot of firms, the world is stuck on "siloed" processes that require "manual
Spreadsheets still in the crosshairs?
If there has been a whipping boy of the GRC movement, it's been the spreadsheet. Vendors regularly lambaste spreadsheet-based processes, almost defining the use of Excel as synonymous with manual, ad
Continuous monitoring and auditing: The reality
The notion of continuous auditing and continuous monitoring carries a powerful intuitive appeal. The terms conjure the idea of a system running constantly, checking data and controls and processes in
Lumigent building momentum?
Here's one company that has morphed along with the GRC trend: Lumigent, a privately held company that originally sold a database audit tool that repaired corrupted data. That turned out to be a
Audit regulation changes to fall from Madoff scandal?
TheDeal.com asks this regarding the Bernard Madoff scandal: "What about those tough auditing rules imposed after the Enron and WorldCom scandals? Surely, such a massive fraud would light up
