Saturday, July 4, 2009

Management of Internal Controls

Compliance Management for SARBANES-OXLEY (SOA) WITH THE HELP OF SAP

Of the Sarbanes-Oxleys Act's 11 titles, section 302 and 404 are of particular interest to your business.


The SAP Management of Internal Controls (MIC) helps you:

  • Certify the accuracy of quartely and annual financial statements and disclosures.

  • Design, establish and maintain disclosure and controls and procedures.

  • Evaluate the effectiveness of disclosure controls and procedures and report on the effectiveness of the controls.

  • Indicate, in each periodic report, any significant changes in internal controls, including any deficiencies and material weaknesses that have taken since their most recent evaluation.

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