This paper examines key issues for CFOs and CEOs in managing ERP systems in the new world of SOX, IFRS, Basle II. While most IT management attention seems to be on document retention, reporting quality, and security, there are broader issues to be considered toward ensuring good governance and compliance with regulations such as Sarbanes-Oxley, IFRS and Basle II.
commercial invoice template
need to analyse sensitive commercial data, so the analysis process itself is not a compliance threat. The next step would be to use a combination of System Benchmarking and Activity Based Costing to express the problem in financial terms. First, all planned costs associated with the four system components (or activities ) would be established by using Zero Based Budgeting (Used Vendor Code, Unused Vendor Code, Used Custom Code, Unused Custom Code). The process would then be repeated to reveal and review