Big4Guy

Confessions, Thoughts, Observations and Musings of a Big4Guy

Big4Guy

Welcome to Big4Guy.com. Big4Guy is an online resource where I will share with you the latest news, insights, knowledge and some experiences as a Big 4 consultant. We will discuss some of the important issues which organisations are facing today in the areas of information security, security and controls in SAP R/3, Oracle Applications, J.D.Edwards, Peoplesoft and various other ERP's. You will also find information on latest complaince regulations like Sarbanes Oxley, Basel II and so on. Big4guy will also attempt to provide valuable resources for individuals interested in examinations the CISA, CISM, CISSP, PMP and various other security certifications considered essential for entry in any Big 4 accounting, auditing and consulting firms. You are invited to post your comments and viewpoints to posts here. I sincerely hope this online journal will be useful to everyone from a budding student to a professional in the accounting, auditing, management and consultancy professions.

Post details: Sarbanes Oxley Section 404 - Company Level Controls Vs. Company Wide Controls

12/19/05

10:47:14 pm, Categories: Sarbanes Oxley, 87 words

Sarbanes Oxley Section 404 - Company Level Controls Vs. Company Wide Controls

Many companies / consultants / auditors often confuse between Company Level Controls and Company Wide Controls. I am explaining the concept with some examples. Company wide controls are much broader than company level controls. Company wide controls thus include company level controls. They also include controls over processes that are company wide in scope. Thus,

Company Wide Controls = Company Level Controls + Controls over company wide proccesses

Examples of company wide controls are:

- Controls over financial reporting process.

- Controls over Risk assessment processes

- Controls over monitoring results of organizational activities