Cutter IT Journal: IT in the Age of Governance

by Robert N. Charette

"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. 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? Join us in this issue for 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. You'll learn what the future holds, how IT organizations are complying, whether the traditional model of government intervention works in the age of IT, and more!