An essential investment that companies must make in their compliance efforts is in tools for automating and improving auditing and reporting capabilities. Before any technology investments are made, companies need to perform an assessment of which...
The Sarbanes-Oxley Act requires companies to keep records of all transactions over any communication media including instant messaging as do new NYSE and Nasdaq regulations regarding any communiqué, transactional or not.
For example, the OFRs have a provision for the auditing of human capital. The Department for Trade and Industry, led by Patricia Hewitt (coincidently a former employee of auditing company Arthur Andersen), wishes to limit the exposure of auditors...
Although none have been convicted yet, chief executive officers found to have failed in such auditing regulations can face heavy fines and jail sentences. Financial regulations, such as Sarbanes Oxley and Basel II, stipulate that companies must...
BI can help with auditing too. Alison Whitby, business intelligence practice head at Diagonal Consulting, says: "Regulations like Sarbanes-Oxley have companies realising that they're managing their businesses on very suggestive data.
Cheat Sheets
diams; Basel II
diams; MiFID
diams; Sarbanes-Oxley The key areas of focus are exploitation of intellectual and human capital. By way of graphic example, excel is limited to managing a very small fund with few investments or...