Wednesday, August 16, 2006
Webcast: Controls, Compliance & the Role of Continuous Monitoring
Webcast with Controls Expert Anne Marchetti, author of Beyond Sarbanes-Oxley Compliance: Effective Enterprise Risk Management & The Sarbanes-Oxley Ongoing Compliance Guide
Date: Thursday Aug. 31
Time: 2 p.m. EST/ 11 a.m. PST
Duration: 45 minutes
The public outcry against Sarbanes-Oxley is largely based on the excessive costs and relatively few tangible benefits recognized. However, continuous monitoring of financial processes and the underlying transactions can reduce compliance cost as well as deliver tangible benefits to business operations. Continuous monitoring drives risk-based compliance and controls that allow an organization to maintain full compliance while reducing ongoing costs, strengthening the overall control environment and improving financial processes.
Continuous monitoring of financial processes and related transactions can help companies avoid the expensive compliance burden of reconfiguring financial systems to support compliance requirements. Public companies and their auditors should act now to better understand the role that technology and continuous monitoring can play as a mitigating control as well as in the automation of the reporting of control effectiveness.
posted by Brian Moran @ 3:35 PM