With the obligation to produce financial reports as needed, it only makes sense to have that data accessible electronically. More companies are turning to technology in their Sarbanes-Oxley Act compliance efforts in order to automate internal controls or streamline their activities. (Hoffman, 2005) As a possible IT manager, it is our job to assure the company’s financial systems are r...
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...w dynamic that requires careful considerations from all parties involved, and the IT manager needs to know all those parties well.
The last unresolved area of concern is the need to work with the other departments and managers. The IT department has to build a lasting relationship with the accounting section. Just being told to create a system that handles the company’s finances isn’t good enough. The departments have to communicate requirements to each other, so they understand what can be provided from IT and what needs to be reported from accounting. There must also be a relationship with the Human Resources (HR) Department so that we can communicate personnel requirements to executive leadership. Communication is paramount in any organization but is especially important amongst the Chief Information Officer, Chief Financial Officer and the HR Department.
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