Sarbanes-Oxley Guide for Finance and Information Technology Professionals

Sanjay Anand, CFE, CSOX, CSOXP, is Chairperson of the SOX Institute, the only industry-recognized provider of authoritative Sarbanes-Oxley training and certification programs in the world. He is a globally recognized IT and business process management consultant, speaker, and instructor. Mr. Anand is the recipient of such awards as J.D. Edwards Consultant of the Year and Global Enterprise Solutions Outstanding Performance. He is listed in virtually every international "Who's Who" directory, and his articles have appeared in such magazines as Dataquest, TechRepublic, and InformationWeek.He has an MSc in technology and an MS in computers from the Birla Institute of Technology and Science of Pilani, India, and an MBA and an MS in finance from Boston College. He is a Fellow of the Institution of Electronics and Telecommunication Engineers (IETE).

• PREFACE. ACKNOWLEDGEMENTS.INTRODUCTION.PART I: Sarbanes-Oxley For The Finance Professional.CHAPTER 1: Scope and Assessment of the Act.Integrity.Independence.Proper Oversight.Accountability.Strong Internal Controls.Transparency.Deterrence.Corporate Process Management.CHAPTER 2: Internal Controls.Components of Internal Control.Purpose of Internal Control.Developing an Internal Control System.CHAPTER 3: Control Environment.Risk Assessment.Information and Communication.Monitoring.CHAPTER 4: Material Weaknesses.Specific Internal Controls to Evaluate.Disclosure Committee.CHAPTER 5: Implementing Sarbanes-Oxley: What Does Compliance Look Like?Time Line.Checklists.Reporting, Documentation, and Archiving.Disclosure.CHAPTER 6: Technology Implications.Storage Systems.IT Solutions.Changes in IT Management.CHAPTER 7: Sarbanes-Oxley–Related Bodies.Public Company Accounting Oversight Board.Committee of Sponsoring Organizations.Securities and Exchange Commission.Financial Accounting Standards Board.CHAPTER 8: Opportunities and Challenges Created by Sarbanes-Oxley.Opportunities.Challenges.CHAPTER 9: Summary for the CFO.Changes to Corporate Governance.Catalyst for Improvement.PART II: Sarbanes-Oxley For The IT Professional.CHAPTER 10: Impact of Sarbanes-Oxley.Impact on the Enterprise, the CEO, and the CFO.Impact of Sarbanes-Oxley on Corporate Management Systems.Impact of Sarbanes-Oxley on the Technology Infrastructure.CHAPTER 11: Technologies Affected by Sarbanes-Oxley: From Sarbanes-Oxley to SOCKET.Separate Vendor Hype from Reality.Sarbanes-Oxley Compliance as an IT Project.Perspective on Sarbanes-Oxley Goals.Steps for Sarbanes-Oxley Compliance.Sarbanes-Oxley and The SEC.CHAPTER 12: Enterprise Technology Ecosystem.Organic IT Architecture.Ecosystem and Sarbanes-Oxley.CHAPTER 13: Implementing the SOCKET Methodology.Species or Components of the Enterprise Technology Ecosystem.COSO Framework.SOCKET Technologies.Transactional Systems: ERP, SCM, CRM.Analytical and Reporting Systems.Data Warehousing.CHAPTER 14: SOCKET and Enterprise Information Management.Document Management and Sarbanes-Oxley.Document Security.Communication and Networking.CHAPTER 15: The Process.Introduction to the Process.Strategic (Top-Down) Approach.Tactical (Bottom-Up) Approach.Monitoring the Audit Team.Implementation Process: Reengineering for Sarbanes-Oxley Compliance.Beyond Sarbanes-Oxley: From SOCKET to Success Ecosystem.Conclusions.APPENDIX A Sarbanes-Oxley Implementation Plan: Developing an Internal Control System for Compliance (Focusing on Sections 302 and 404).APPENDIX B Project to Process: Making the House a Home.APPENDIX C Enterprise Project Management and the Sarbanes-Oxley Compliance Project.APPENDIX D Enterprise Risk Management—Integrated Framework.APPENDIX E COBIT 3—Executive Summary.APPENDIX F COBIT 4—Executive Summary.INDEX.