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Sarbanes-Oxley News & Developments
The View from the Other SideCan IT live up to the expectations for governance, compliance, and revenue generation of a CFO?
> > These days, many CIOs in Asia are in a frenzy over the Sarbanes-Oxley Act, or Sarbox. Not Daniel Lai, chief information officer of Hong Kong subway operator MTRC. In mid-2000, he and his team started developing an enterprise-wide IT governance system that aimed to document, monitor, and control all IT processes that deliver and sustain sources of business value—which means practically everything at IT-enabled MTRC. So when KPMG started its audit work in August, including the examination for the first time of internal-control systems under Sarbox, the IT department had everything in hand. "All the documentation and controls already exist," says Lai.
Source: CFO
Published:2006-12-01
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