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The Sarbanes-Oxley Act (SOX) has fundamentally
changed today’s business and regulatory environment, requiring public companies
to develop new practices involving corporate governance and financial reporting
with the objective of restoring the public trust in the capital markets. Public
companies must now take full responsibility for implementing and maintaining an
effective system of internal control, in addition to reporting on the system’s
effectiveness on an annual basis. The SOX regulations require that all public
companies become “compliant” at all cost.
The objective of entech’s Compliance Practice is not to make a corporation
compliant – that is the role of management, along with their external auditors.
The entech practice seeks to make the process of executing the policy more
efficient – both from a cost and a resource standpoint – with the ultimate goal
of achieving lower risk. These objectives are accomplished by applying accepted
Best Practices to the IT consultancy and systems integration skills of entech.
Emphasis is placed on the application of state-of-the-art software, particularly
in those instances where manual or non-integrated IT systems are actively
deployed.
To this end, entech has published the
IT Compliance Point of
View, which was designed for business and information technology executives,
as well as auditors, CPAs, attorneys and venture capitalists, who have a direct
or indirect responsibility for ensuring efficient, low risk compliance to
regulations and industry standards.
The en technologies
Compliance Matrix lists key national and global regulations.
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