Five tips for successful compliance with the Sarbanes-Oxley Act.
Movaris develops and sells Certainty,
Sarbanes-Oxley-specific compliance software. It offers these five tips for
ensuring your organization has a strong, proactive internal controls process
that can stand up to Sarbanes-Oxley compliance requirements and drive deeper
business benefits down the road.
* Start
now. If you wait any longer, your chances of developing the best and
lowest-cost solution decrease over time.
* Build a
cross-organizational team. Involve a strong, broad-based and high-level
team -- spanning both business units and finance -- in the process of defining
your needs, choosing your solution and implementing it.
* Realize the
process is ongoing. You can’t just comply once and forget it. Base your
Sarbanes-Oxley project on the understanding that internal control is an ongoing
process, subject to definition, continual monitoring, testing and revisions,
Movaris says.
* Choose your
software wisely. Select a software solution that is based on a
proven business process management (BPM) platform, is easy to implement,
flexible and is designed specifically for Sarbanes-Oxley.
* Be your auditor’s
friend. Develop a close relationship with your independent auditor.
Involve them in the testing and evaluation process and share problems and
preliminary results, so that when you get to the finish line, their attestation
of your internal controls won't be a surprise.
For more information, visit Movaris
here.