SOX & ISO 27001. The control failure must be reported to the audit committee of the board of directors as well as the investing public (via the 10K). Failure of SOX Controls (IT & Non-IT) • Deficiency: A control breakdown prevents management or employees from preventing or detecting financial misstatements within a reasonable time frame. Get the right Iso 27001 lead auditor auditor job with company ratings & salaries. Preferably with this experience: IT Audit IT SOX ISO27001 SSAE 18 SOC. MAP SSG – New York, NY. Computer Futures Solutions – Netherlands, MO. Payment Card Industry, Data Privacy, IT General assess their adequacy,.
In this excerpt fromChapter 2 of Sarbanes-Oxley IT Compliance Using COBIT and Open Source Tools, authors Christian Lahti, Roderick Peterson, Steve Lanza, introduce COBIT and the standard's six components.
Sarbanes-Oxley compliance will significantly impact the IT organization of most public companies. However, there is one enormous problem: there is no specific mention of IT in Section 404, and more importantly, there are no specifics as to what controls have to be established within an IT organization to comply with Sarbanes-Oxley legislation.
If there is no specific mention in Section 404 as to what IT needs to do to comply with Sarbanes-Oxley, the logical question would be,'How can I comply with something without knowing what I need to do to comply?' Although there are various standards a company can use for defining and documenting its internal controls -- ITIL (IT Infrastructure Library), Six Sigma, and COBIT -- the majority of auditors have adopted COBIT.
ITIL is an international series of documents used to aid the implementation of a framework for IT Service Management.The intent of the framework is to define how Service Management is applied within specific organizations. Given that the framework consists of guidelines, it is agnostic of any application or platform and can therefore be applied in any organization.
Sarbanes-Oxley IT Compliance Using COBIT and Open Source Tools
By Christian Lahti, Roderick Peterson, Steve Lanza
Syngress
356 Pages; $49.95
Syngress
356 Pages; $49.95
In many organizations, Six Sigma simply means a measure of quality that strives for near perfection. Six Sigma is a disciplined,>
The six COBIT components
COBIT consists of six components:
- Executive Summary Explains the key concepts and principles.
- Framework Foundation for approach and COBIT elements. Organizes the process model into four domains:
-- Plan and organize
-- Acquire and implement
-- Deliver and support
-- Monitor and evaluate - Control Objective Foundation for approach and COBIT elements. Organizes the process model into the four domains (discussed in a moment).
- Control Practices Identifies best practices and describes requirements for specific controls.
- Management Guidelines Links business and IT objectives and provides tools to improve IT performance.
- Audit Guidelines Provides guidance on how to evaluate controls, assess compliance and document risk with these characteristics:
![Sox Iso 27001 Mapping Your Future Sox Iso 27001 Mapping Your Future](https://f1.media.brightcove.com/8/599585955001/599585955001_5822490585001_5822485801001-vs.jpg?pubId=599585955001&videoId=5822485801001)
-- Define 'internal controls' over financial reporting
-- Internally test and assess these controls
-- Support external audits of controls
-- Document compliance efforts
-- Report any significant deficiencies or material weaknesses
-- Internally test and assess these controls
-- Support external audits of controls
-- Document compliance efforts
-- Report any significant deficiencies or material weaknesses
In conclusion, although an IT organization is free to select any predefined standards, or even one they develop to assist them in obtaining Sarbanes-Oxley compliance, the mostly widely accepted standard is COBIT. Subsequently, you may find that selecting COBIT will be the path of least resistance to Sarbanes-Oxley compliance.
Read the rest of Chapter 2, SOX and COBIT defined.