Has your company achieved "rebalancing"?
In the third year of Sarbanes Oxley compliance, some internal audit staffs have successfully "rebalanced," according to a Protiviti poll. That basically means that they are resuming more traditional duties as well as Sarbox duties. The idea is that Sarbox compliance was so traumatic that for three years, internal auditors have devoted less time to other areas. This makes sense. A lot of internal audit teams have figured it all out, so to speak. So they can start thinking about IT security, capital issues and other compliance initiatives. It has to be said, however, that at many places, this "rebalancing" has been achieved with more employees and enhanced resources. I don't think anyone will argue that the process cannot be further refined.
For more:
- here's the survey results
Related articles:
- Audit committees evolve, more focus on IT
- IT Watch: Oracle continues to focus on compliance

