Difference in Work for Information Technology Management with Sarbanes Essay

Difference in Work for Information Technology Management with Sarbanes Oxley Act - Essay Example The major focus is on the role of the Information Technology managers and how they are responsible to reengineer and manage the business processes to implement the Sarbanes Oxley act, with the key issues that really need to be addressed by the managers to be successful in implementing the act. The Sarbanes Oxley (SOX) Information technology controls play a sound role in business and accounting. These controls are activities especially designed to ensure that organizations business objectives are met. These controls are majorly related to data integrity and availability with the IT functions management. Information Controls get importance in United States after the release of Sarbanes-Oxley act in July 2002. The act was passed in response to the business and accounting scandals of USA corporate firms. This act provided new standards to the corporate firms which explicitly define the laws which are mandatory to be followed when working with financial data, interactions in corporate cul ture and audit controls that assure the accuracy of financial statements. Compliance with the laws should not be discouraged; it should be handled parallel to other legislative laws with appropriate analysis. Sarbanes Oxley Act The act affects American corporate firms in terms of what the management should do to ensure the auditor’s are independent of their clients. ... ct After the implementation of Sarbanes Oxley a big change come which affected the corporate companies and its management financially and legally (Tricia Bisoux, July/August 2005). Under the Section 404 the senior management will be responsible for every pros or cons in the financial statements and audit reports (Sans Institute,2005). These acts were defined when American company Enron personnel’s refuses to accept the discrepancies in their company’s financial reports. As a result this legislation meant a lot to the companies of USA. Responsibility of Information Technology Managers Information Technology has become an integral part of every organization which ranges from small private organizations to big multi-national or corporate firms. They will surely need an Information Technology department with the efficient management who will be managing the business process alignment with the business objectives. To attain this goal Organizations Company hires senior manage ment in the IT, who will act as a sole responsible for the business objective. As Sarbanes Oxley focus majorly on the laws that has become the mandatory part for every public trade company, these IT Managers will be serving as the chief role in accomplishing the act. They will need to ensure the compliance of the every function with the established principles by the senior management. What the IT Managers are required to reengineer the business processes in parallel to the laws to implement the act effectively and in different way. Every process should ensure compliance of standards. In this regards the most significant role is being played by the Manager himself. To fully implement the Sarbanes Oxley law they need go for the change of senior management and board of director’s way of working and