Proceedings

Abstract:

It is the contention of this presentation that Sarbanes Oxely's reporting and independance requirements have caused a need for automation, standardization and communication of an area that has previously not been automated. The is now a new piece to the footprint of enterprise systems. This piece is critical to the running of a public company. The information model for this new system is really defined by an independent commission called the Treadway commission. The model is called COSO and stands for the Committee of Sponsoring Organizations. This means that the Information Model is really public domain. This paper describes the information model and existing standards for exchange of information between parties and between systems that need are needed to validate the effectiveness of internal controls.