Opinion: Sarbanes-Oxley and IT best practice

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Xantus Consulting Managing Consultant, Dave Hartley comments on the IT systems, data and infrastructure components critical to business financial reporting processes and the need to establish best practice in advance of Sarbanes-Oxley (SOX) becoming law for European companies listed on US stock exchanges.

"In today's environment, financial reporting processes are driven by IT systems which are deeply integrated in the initiating, authorizing, recording, processing and reporting of financial transactions. As such, they are inextricably linked to the overall financial reporting process and need to be assessed, along with other important processes, for compliance with the Sarbanes-Oxley Act.

"From an IT perspective SOX requires management to use a recognized risk control framework to eva...

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