Sarbanes-Oxley (SOX) IT-Services (ITGC and ITAC)
The Sarbanes-Oxley Act (SOX Act), a major U.S. federal law of 2002, requires companies to implement appropriate controls to ensure that e.g. their IT systems meet data integrity, access security and process control requirements. Medium-sized businesses are also directly affected by business partners requiring their suppliers and service providers to implement the requirements of the Sarbanes-Oxley Act (SOX), but this usually involves a disproportionate amount of time and commitment of company resources.
To implement these requirements, two IT-relevant control types are of particular importance: ITAC (IT Automated Controls) are automated control processes within an information system that ensure financial data accuracy and integrity. ITGC (IT General Controls), conversely, encompass fundamental aspects of an organization’s IT environment, such as access controls, change management, and operational controls. These controls should help to guarantee proper recording, processing, and reporting of financial information, while mitigating potential risks and vulnerabilities. The Sarbanes-Oxley Act significantly enhances the quality, reliability, and security of IT processes linked to financial reporting. Implementation of ITACs and ITGCs not only augments control over the IT environment but also enhances the organization’s standing and credibility with investors and in the marketplace.
With our proficiency, we provide tailored solutions for implementing IT controls aligned with the Sarbanes-Oxley Act. Even post-implementation or for existing IT controls, our experts ensure compliance with all SOX-defined requirements through continuous adaptation, optimization, and consultation. Our collaborative approach empowers you to create enduring added value by identifying opportunities and aligning your company’s actions with business objectives.
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Your contact persons
Oliver Bungartz
Berlin+49-30-565556-440
Oliver.Bungartz@Moore-BRL.de
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