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Compliance Toolkit

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Use ABC to Improve Performance and Compliance to SOX

PublisherSAS Institute
Format HTMLDate added10 Aug 2006
Topics Sarbanes-Oxley, Cost Control - Risk Mgmt., Strategic Planning
Downloads10

Meeting Sarbanes Oxley (SOX) compliance requires significant investment; reportedly as much 50% of all IT expenditure. In the current environment, organisations seek to maximum ROI by leveraging planned investment - such as SOX compliance - to provide additional benefits. CPM initiatives can be utilised in meeting SOX compliance and thereby maintain focus and ongoing investment in performance improvement, not just compliance. Activity-Based Management (ABM) is such an initiative. ABM, a methodology in use for over 2 decades, has primarily being adopted for management of cost drivers and resource optimization. The comprehensive operational analysis provided by ABM can support SOX compliance in sections 302 and 404.

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