The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Automated Sarbanes-Oxley controls assessment now a reality

An automated Sarbanes-Oxley controls assessment service that quickly and easily evaluates how effectively companies are using controls capabilities within Oracle, PeopleSoft, and other leading ERP systems has been launched by Answerthink, a strategic business advisory and technology consulting firm. The service is designed to help companies lower the cost of financial controls related to Sarbanes-Oxley compliance, and provides detailed recommendations for how companies can further automate, strengthen, and standardize controls.

 

"Now that companies are crossing the finish line with their year one Sarbanes-Oxley compliance efforts, they're looking for ways to do things more efficiently in year two and beyond. Controls automation is one area where companies can clearly focus and benefit," says Answerthink Managing Director Grant Fitzwilliam. "Many companies' 2004 remediation efforts resulted in adding manual controls; combine this with the fact that most companies use a small percentage of their ERP functionality and you have a meaningful opportunity for improvement."

 

"We've created a comprehensive controls library, and mapped these to capabilities within the leading ERP systems," says Fitzwilliam. "The result is an assessment service that, in just a few weeks, identifies areas where companies are missing opportunities to automate financial controls using their existing ERP systems.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree