This paper examines key issues for CFOs and CEOs in managing ERP systems in the new world of SOX, IFRS, Basle II. While most IT management attention seems to be on document retention, reporting quality, and security, there are broader issues to be considered toward ensuring good governance and compliance with regulations such as Sarbanes-Oxley, IFRS and Basle II.
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or external consultants. The ERP vendor software may be compliant, but not necessarily the total system. Every system consists of four elements - Standard vendor software used Standard vendor software, unused Custom written software, used Custom written software, unused Clearly, the most effective systems will use as much standard vendor code as possible, will minimise the use of custom code, and will have no unused custom code. Therefore, the benchmark results show that most enterprises are far away