| Publisher | Roetzel & Andress | ||
|---|---|---|---|
| Format | 26.3KB PDF, requires Acrobat Rdr 5 | Date added | 19 Nov 2003 |
| Topics | Sarbanes-Oxley, Finance, Law and Government | ||
| Downloads | 83 | ||
The Sarbanes-Oxley Act is about ensuring that internal controls or rules are in place to govern the creation and documentation of information in financial statements. However, most executives view compliance with Sarbanes-Oxley as a finance issue, not a systems issue. This view ignores the fact that IT systems generate, support, house and transport the financial information whose accuracy CEOs are now personally accountable for. The CIO must build the controls that will ensure that the data stands up to audit scrutiny. Thus, it is not just the CEO and CFO who could be held liable for the invalidity of the information.
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