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ITNOW 2006 48(4):8-9; doi:10.1093/itnow/bwl024
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© 2006 The British Computer Society

Focus: Compliance and Legislation

Four steps to compliance

Dean Forbes

Vice president of international sales, Primavera

International regulations such as Sarbanes-Oxley, Basel II and International Financial Reporting Standards (IFRS) are just three measures that require internal auditing of processes and budgets in order to report them to government. Meanwhile, Britain is gearing up for its own, country-specific, measures with the UK Companies Act, which is being amended to strengthen auditor regulation, accounting enforcement and investigations into budgetary discrepancies. With strict penalties for non-compliance, it is no wonder many companies have responded by creating ‘head of compliance’ posts to lead company initiatives that will ensure compliance.


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