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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the strategic benefits and legal compliance provided by ERP systems cannot be made on purely technical grounds. If the task of assessing attainment of these goals is delegated downwards within an organisation, the focus will be on tactical or technical measurements. Regardless of the technology used or the efforts of IS, the formal system and the actual business processes will have a widening gap over time. A periodic review of this gap will help focus attention on the problem. Olin Thompson, a