Regulatory requirements such as the Sarbanes-Oxley Act are forcing a growing number of companies to place greater emphasis on IT asset-management functions.

Section 404 under Sarbanes-Oxley mandates that management directly certify the system of internal controls, and (based on related SEC rules) disclose the framework it is using to assess the accuracy of internal controls. that can potentially affect financial information and reporting.

The source code for underlying application systems - which may be at variance with published system documentation - must be considered as part of this analysis.

Mitigating the risks of non-compliance

Nucleus technology can help to reduce the risk of non-compliance by:

Instituting a consistent [[nucleus:framework|operations framework]], demonstrating compliance and fully documenting all changes to application programs and source code that could potentially affect the outcome of an audit.

Implementing internal controls and accurate, up-to-date documentation, that is clearly accessible by management and all affected employees.

Improving controls that can potentially affect database integrity.

Demonstrating that relevant policies and procedures are in place, by putting them under strict management controls.

Demonstrating that policies and procedures have been communicated, by making them electronically accessible, tracking who's read and acknowledged them, and by notifying personnel of any changes.

Demonstrating that policies and procedures are consistently followed, by tracking employee certifications that policies and procedures are being followed, and by capturing checklists, approvals and signoffs in collaborative electronic documents.

Compelled to comply with e-mail retention regulations?
e-mail management systems from Binary Star, can reduce the risks of non-compliance by supporting both internal and web-based communications. NuMail from Binary Star is easily indexed, searched, archived and secured.

Nucleus technology provides a consistent technological approach to managing governance, risk and compliance processes. Strict security controls, source code library management, version and change controls, source code promotion controls, message retention, document management, and and effective audit trails and extensive reporting capabilities enable addressing a wide range of compliance mandates under Sarbanes-Oxley and similar regulations.

Problem solving with New Technology
NuWiki, a new product from Binary Star, is in simple terms, a Web page that readers can change and comment upon. NuWiki enables collaboration of non-IT personnel to easily publish documents, processes and procedures, in web pages, accessible from anywhere. IT departments doubly benefit from NuWiki, saving hundreds - possibly thousands of hours in research, eliminating "re-inventing the wheel", where programs already exist. Importantly for IT departments, NuWiki can be deployed without requiring the involvement of IT staff or adversely affecting already over-burdened IT departments and budgets.

Call toll-free 1-866-882-1888 or +1 (954) 791-8575 to learn more how Binary Star can assist in addressing your compliance and regulatory concerns.
Email: info@binarystar.com
Fill out our contact form for more information.

Nucleus technology – compliance solutions and consulting