| Title: |
Sarbanes-Oxley Drives Web Services Adoption |
| Author: |
Richard Veryard |
| Publication Date: |
21 April 2004 |
| Report Type: |
Journal |
| Report Class: |
Best Practice |
| Abstract: |
Compliance is currently a major trigger for IT development. US companies are required to overhaul their management information and control systems to comply with the Sarbanes-Oxley Act, and banks around the world are facing the demands of Basel 2. Non-US companies are also looking at Sarbanes-Oxley compliance ‚ partly to ensure that their own US operations comply with US regulations, and because similar regulations are being introduced elsewhere in the world. Faced with widespread change to their systems portfolios companies with Sarbanes-Oxley and Basel 2 requirements are turning to Web Services and related technologies which minimize invasive actions and enable monitoring and management systems.
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| Backgrounder: |
The US Sarbanes-Oxley Act of 2002 mandates what is effectively a systems engineering solution to this problem. Reliability is achieved not by human oversight alone, but by a set of information and control systems that ensures information quality and management accountability. Executive officers are required to sign the accounts and are criminally liable for any inaccuracy. The act also mandates "real-time" disclosure of any material events. |
| Report Size: |
8 Pages |
| Report Access Type: |
 | Silver/Gold (Premium) |
|
| Available for separate purchase |
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