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
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