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Original Message:
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From: ISACA_News@isaca.org
Date: Wed, 03 May 2006 13:22:17 -0700
To: gideon@infostruct.net
Subject: Exposure Draft (ED) of IT Control Objectives for Sarbanes-Oxley,
2nd Edition
Dear Mr. Gideon Thomas Rasmussen, CISA,CISM,CISSP,SCSA,
The exposure draft (ED) of IT Control Objectives for Sarbanes-Oxley, 2nd
Edition was released 30 April 2006 on the ISACA and ITGI websites
www.isaca.org and www.itgi.org . This is the first update to the very
successful document that was issued in April 2004, to provide additional
assistance to all issuers in the area of financial reporting compliance. As
early filer issuers have experienced the compliance process, both the U.S.
SEC and PCAOB provided some helpful interpretations of the Act, including
guidance on the importance of all organizations taking a top-down,
risk-based approach. To address the changing business environment, updates
in this second edition of the publication include:
* Insights into the cultural and people management issues that should be
considered when complying with Sarbanes-Oxley
* Additional insight on scoping, identification and defining key controls
and applying a top-down, risk-based approach
* Enhanced focus on entity-level and application controls
* Simplified readiness road map
* Greater focus on evaluation of deficiencies and lessons learned from
early filers
All ED comments are encouraged, and must be submitted no later than 30 June
2006.
Comments on the exposure draft may be provided by the following electronic
submissions methods:
* Use the online submission form
* Send an e-mail to research@isaca.org
Please include ITCO for SOX on the subject line. After reviewing and
incorporating comments/issues raised from the exposure process, the final
version of the document is targeted to be released within the third quarter
of 2006 in both PDF and hard copy.
Thank you in advance for your interest and support of this very important
activity.
Regards,
Thomas C. Lamm
Director Research, Standards and Academic Relations
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