Corporate governance compliance requirements have created a tremendous amount of extra work at great cost for little tangible benefit. Exacerbating the problem is a poor understanding of what compliance requirements call for, especially in the way of IT.
On the other hand, compliance requirements represent huge opportunities for corporations to improve their internal IT operations as well as controls. Implemented and managed properly, these governance requirements can create long-term competitive advantages and operation cost reductions.
Cutter IT Journal has brought together IT experts from around the globe to explore and debate the impacts of corporate governance on IT.
Readers receive an in-depth look at the value, costs, impacts, and implications of compliance with Sarbanes-Oxley, the Turnbull requirements, Basel II, and other governance mandates; learn what the future holds; explore how IT organizations are meeting compliance; and whether the traditional model of government intervention works in the age of IT.
How costly has compliance been? Has adherence to governance mandates significantly improved the quality and reliability of financial reporting and reduced the possibility of corporate fraud?
"It is clear to us that the internal control assessment and audit process has the potential to significantly improve the quality and reliability of financial reporting. At the same time, it is equally clear to us that the first round of internal control audits cost too much," said William J. McDonough, chairman of the Public Company Accounting Oversight Board.
This global debate features compliance experts' opinions on:
- The value, costs, impacts, and implications of organizational compliance with government mandates
- Best practices on how to get IT back into its proper governance role
- A roadmap for executive governance over IT
- Strategies for complying with government mandates -- without losing your shirt
- What the future holds
To request the issue of Cutter IT Journal in which these comments were made or to schedule an interview with the Cutter IT Journal Guest Editor Robert N. Charette, contact .
More information about the monthly Cutter IT Journal is available at http://www.cutter.com/itjournal/index.html.
About Cutter Consortium