An effective corporate compliance and ethics program is essential for virtually all U.S. businesses in today’s regulatory environment. Essentially, a compliance and ethics program is a set of protocols a company puts in place to prevent and deter unlawful conduct and to promote a culture of compliance.
Corporate compliance has been in the spotlight much more in recent years. The enormous corporate failures spawned the Sarbanes-Oxley act of 2002. Regulations such as HIPAA, Dodd-Frank and the stock exchanges have caused compliance departments to build and scurry.
When you are doing online banking at home, or checking emails in the office, or updating a status on Facebook, you are using an application. Applications are pervasive in our daily life nowadays both personally and professionally. Needless to say, applications are critical to support business operations and IT Application Controls are taking on an ever greater roll in society.
In today’s business environment, IT organizations are faced with the continuous challenge of providing consistent, reliable, secure and scalable services that will support the company business objectives efficiently and effectively. As if that is not enough, the IT leadership must also ensure that the IT organization is no longer just a commodity service provider, but is also a valuable partner to the business helping to create value for the company.
In today’s business environment IT organizations are faced with the continuous challenge of providing consistent, reliable, secure and scalable services that will support the company business objectives efficiently and effectively. If that is not enough, the IT leadership must also ensure that the IT organization is no longer just a commodity service provider, but is also a valuable partner to the business helping to create value for the company.
According to a 2014 Grant Thornton report, 40% of global businesses currently are or plan to outsource business processes which include Tax, IT, HR & Payroll. One of the big trends in IT is that IT organizations will continue to move IT services such as managed services, managed hosting, software-as-a-service (SaaS), and cloud solutions to third-party vendors.
According to a 2014 Grant Thornton report, 40% of global businesses currently are or plan to outsource business processes which include Tax, IT, HR & Payroll.
One of the big trends in IT is that IT organizations will continue to move IT services such as managed services, managed hosting, software-as-a-service (SaaS), and cloud solutions to third-party vendors.
During one of Houston’s typical winter days, when Sam Carr, who has over 30 years of experience over internal controls and process improvement, was sitting in his office and enjoying the warm winter sunshine shining into his office after a long meeting, he received a call from an old friend.
Companies use many business reports to monitor the success and progress of their businesses and operations. These reports may include financial, labor, inventory, sales, as well as detailed information about customers. Executives, directors, managers and analysts of various departments are usually the readers of the reports.
Establishing Robust Access Controls is a Team Effort
System access controls are one of the fundamental IT controls to ensure system security and data integrity. There are many facets to consider when implement effective system access controls:
Ensure that there is support from senior management and board, and there is a top-down drive to establish and communication policies with regard to IT security and access management.