IT and the Compliance Industry

Paper Summary:

This paper explains that the ultimate irony for the United States' passing of the Sarbanes-Oxley Act and similar acts is that this type of legislation is fueling an entire IT industry that is called upon to deliver both compliance and business process improvement. The author points out that a service-oriented architecture (SOA) platform is the best practice for line-of-business managers, who want to get the most critical information to the sales, service and pricing managers, and still remain in compliance. The paper relates that the greatest motivator for the development of compliance programs and governance in IT management has not been top-line revenue growth but rather having an air-tight set of financial records when Sarbanes-Oxley auditors arrive to look over transactions

From the Paper:

"Keeping in mind that the majority of IT professionals prefer to view their IT platforms from the context of layered model that has a strong focus on integration and pervasive layers of functionality, and the role of an all encompassing layer of analytics begins to take hold. This alone however does not completely negate the issue of the politicization and siloing of information. What analytics layers do however is force the issue of performance from just within one organization and shows the impacts (or lack thereof) of collaboration across the organization."

Sample of Sources Used:

• Columbus and Murphy (2002) - Re-orienting Your Content and Knowledge Management Strategies. AMR Research. Boston, MA. Report and research findings published October 2002. Retrieved March 29, 2007: http://www.lwcresearch.com/filesfordownloads/ReorientingYourContentandKnowledgeMgmtStrategy.pdf
• Economist (2006) - Virtual champions. Economist Magazine. June 1, 2006. Retrieved from the Internet on March 29, 2007: http://www.economist.com/surveys/PrinterFriendly.cfm?story_id=6969722
• Sarbanes-Oxley Act (2002) - U.S. Senators Sarbanes and Oxley. Passed in 2002 by both U.S. House of Representatives and U.S. Senate. Text viewed on the Internet on March 29, 2007: http://www.aicpa.org/info/sarbanes_oxley_summary.htm
• LWC Research (2005) - Users Speak Out About SAP NetWeaver LWC Research. December 12, 2005. Irvine, CA. Accessed from Amazon.com on March 29, 2007: http://www.amazon.com/gp/product/B000CVIL0I/qid=1136398691/sr=2-1/ref=sr_2_1/103-8942667-3739812?s=ebooks&v=glance&n=551440

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