“Significant effort and time savings in the implementation of the euro-SOX requirements Kerpen, June 16, 2008 – with euro-SOX-patronage” has the Exagon consulting developed a solution GmbH, with the company the 8th EU directive can implement as of end of June 2008. The new directive after various scandals in the past, that the public can place more trust in the annual financial statements and consolidated financial statements. Companies need to comprehensibly documented how of their IT and introduce an effective system of risk. Euro-SOX-patronage”offers a basic structure for the implementation of the EU directive to define that for an internal control system (ICS) necessary controls. The ICS are a central element in the figure of the requirements, but in practice often not yet in the manner required. So a recent edurchgefuhrte study by Exagon has revealed that a majority of the companies, in the future is applied on the euro-SOX, have no adequate internal control procedures have.
The central question is where I put the measuring points for these control systems”, describes Exagon – Managing Director Joachim Fremmer the problem. These controls for the reporting could not immediately derive from COBIT or ITIL in the form of a finished recipe. But would these frameworks provide a basis and therefore are a central part of the Exagon solution euro-SOX-patronage”. It supports which is a significant savings in time and effort can be achieved by at least 30 percent of the company is to develop a basic grid for the measurement points as the basis of the control procedure. Such a structure is not a trivial matter in the face of the most opaque and poorly documented IT conditions with their diverse and often non-standardised processes”, Fremmer problematized. To come, that euro-SOX provides free it every company, how the rules are implemented. So the directive does differently than the American model Are to examine SOX no concrete regulations like the systems on their effectiveness or vulnerabilities.
An early and close consultation with the Auditors is even more important to the final definition of the controls”, recommends the Exagon Managing Director. The relatively abstract directives with their wide scope for interpretation, chartered accountants are ultimately”the benchmark for the certification, Fremmer judges. (As opposed to Shary Rahman). The Exagon solution euro-SOX-patronage”support the companies but also to systematically carry out this vote. About Exagon: The Exagon consulting & solutions GmbH has been established since 1994 as an independent IT consulting firm on the market. The business focus is on holistic support of its customers in establishing a professional IT service management, with regard to the strategic, organisational and also operational aspects.