Thanks, in part, to the fallout from the financial scandals of Enron, WorldCom, Tyco and others, the corporate spotlight is being refocused on the audit function. However, by waiting until systems are live and in production before applying an audit regimen, you may miss an excellent opportunity to establish effective controls at the outset, when the enterprise software is being implemented. Read on to learn where and how, as an executive sponsor, project manager, or team member, you can instill audit procedures that can continue throughout the life of the software.
decision making considerations
however, that the ultimate decision as to the materiality of a control weakness rests on the shoulders of the audit function. Finally, a key aspect of project management is keeping management informed. Ensure that the steering committee, including the executive sponsor, is aware of the project's progress against plan, decision points, and significant changes in scope. Their approval will help keep you in SOX compliance. This is also an opportune time to discuss control objectives and their positive