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Article: Lessons learned: COSO, COBiT and other emerging standards for SOX compliance.(SOX COMPLIANCE)(Committee of Sponsoring Organizations)(Control Objectives for Information and Related Technologies)(Sarbanes-Oxley Act of 2002)
- Article from:
- California CPA
- Article date:
- July 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 California Society of Certified Public Accountants. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After nearly three years, many companies still are coming to grips with the Sarbanes-Oxley Act, specifically Sec. 404, and other new compliance laws, such as HIPAA and Gramm-Leach-Bliley.
And even now, there are lessons to learn regarding tools and methodologies used during these early stages of Sec. 404 compliance.
Although SOX is relatively new, the compliance methodologies that companies employ are well-established and direct outgrowths of established best practices.
Adopted frameworks used in rendering Sec. 404 compliance services include The Committee of Sponsoring Organizations' Internal Control-Integrated Framework and Control Objectives ...