Database and ERP Security and Best Practice Management
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Updated Guide to Management Now Available
Posted on March 10th, 2008 No commentsIn 2006, The IIA released Sarbanes-Oxley Section 404: A Guide for Management by Internal Controls Practitioners, The IIA's first publication in the Professional Guidance Series on SOX404. This month, The IIA released a major update to the publication, incorporating guidance from the U.S. Public Company Accounting Oversight Board's (PCAOB's) Auditing Standard (AS) No.5 andmanagement guidance issued by the U.S. Securities and Exchange Commission (SEC). In addition, the guide provides an extended discussion on direct and indirect entity-level controls, as well as the challenges faced by organizations in scoping IT general controls based on the insight and real-world experiences of internal auditors. Finally, the guide provides an updated checklist to help management teams ensure that their Section 404 programs are efficient, thereby streamlining management's process and creating major reductions in total cost. For more information, visit The IIA's Professional Practices Web page.Leave a reply