Storage and backup resource monitoring and reporting utility is an indispensable part of a cost-effective compliance
The revised rules that resulted from the negotiations include two categories of changes: compliance
deadline-related revisions, and revisions that add flexibility for compliance
Instead, they must use what is commonly referred to as a "risk-based approach" to determine major programs for audit--an overall evaluation of the material compliance
risks for each federal program and of factors such as prior and current audit experience, prior federal oversight and the program's inherent risk.
It is because of the Institute's commitment to improve the tax system that we welcome the IRS's Compliance
2000 initiatives and welcome this hearing as evidence of the Subcommittee's interest in bettering tax administration.
The extensive resources needed to manually test and assess compliance
control points have resulted in significant cost burdens for most.
Rather, corporate compliance
consists of those policies and procedures that govern the operations of the entire enterprise in accordance not just with all known legal responsibilities, but with the highest standards of professional and ethical conduct.
Auditors must communicate their responsibilities for compliance
and internal controls in a financial statement audit to the audit committee or the individuals they have contracted with for the audit.
is of greatest concern in highly regulated vertical industries, such as financial services, pharmaceutical manufacturing and life sciences.
Any and all compliance
events, whether routine inspections, examinations, or regulator reviews, pose huge risks to corporations and the officers and directors who oversee them.
The tools companies use vary from Excel spreadsheets to Word documents to specific SOX compliance
tools that are too numerous to list.