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Security & SOX Compliance

Governance, Risk and Compliance Management

Compliance isnt simply developing security policies and satisfying internal audits. Its about having a deep understanding of risk and how to manage it, so that your business can best utilize opportunities. Its about establishing and assessing the right risk-based controls that support a comprehensive risk management program. Finally, its about collecting and communicating this information to facilitate corporate governance, risk, and compliance programs.

Failure to establish an effective security compliance program can have serious consequences including increased risk of security breaches, greater regulatory oversight, and fines for non-compliance

SOX Compliance

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For many public companies, implementing the requirements of Section 404 of the Sarbanes-Oxley Act has proven to be a daunting, time consuming and expensive task. It requires an evaluation of the risks specific to a company's unique operating environment, and then the implementation of efficient controls designed to leverage management's skills to control those risks.

The need for strong internal controls is not limited to public companies, however. Effective internal controls provide all management teams with repeatable and reliable information tools that allow them to identify, manage, and mitigate risk on an ongoing basis. Designed appropriately, a strong internal control environment supports growth and helps every organization, whether public, private, nonprofit, or government, operate more effectively.

SOX Compliance in SAP Control Issues

It is not uncommon for IT departments in SMEs to be unaware of security best practices specific to SAP and to lack the business knowledge necessary to perform a segregation of duties analysis. We have expertise in providing support for implementing following controls in an IT organization.

  • Change Management
  • Access Management
  • Standard IT and Business Operations
  • Preserve SAP’s role-based security