Training Services > IT Compliance

IT Compliance
Impact on Information Technology
 

What is Sarbanes-Oxley Act?
The Sarbanes-Oxley Act of 2002 (commonly referred to as SOX or SarbOX) is a comprehensive accounting framework for all public companies doing business in the US. Companies will be required to disclose all pertinent financial performance information publicly in a uniform, transparent manner. ...More

What is Basel II?
Basel II is a round of deliberations by central bankers from around the world, under the auspices of the Basel Committee on Banking Supervision (BCBS) in Basel, Switzerland, aimed at producing uniformity in the way banks and banking regulators approach risk management across national borders. The Bank for International Settlements (often confused with the BCBS) supplies the secretariat for the BCBS and is not itself the BCBS. ...More

Source: www.wikipedia.org

SOX Act Basel II Accord SOX and Basel II
 

The enactment of Sarbanes-Oxley Act (SOX) and Basel II Capital Accord (Basel II) have forced many organizations to re-look into their IT processes, security controls, IT governance and operational risk management, just to name a few. While these augurs well to the management and deployment of IT functions within the organizations, the reality is that most of the IT staff are not prepared and equipped with the necessary knowledge on what they need to do.

Many multi-national organizations have realized the urgent need to train and equip their IT staff with the knowledge and understanding of these requirements in order to meet these new "challenges".

Fusion Frontier currently offers SOX and Basel II compliance training for IT pofessionals covering the background information on these requirements and the best practices to adopt in order to meet the compliance requirements.

Currently Fusion Frontier offers the following IT Compliance programs:
  Sarbanes Oxley Act
Basel II Accord
SOX & Basel II

An important point to note is that COBI is the recommended IT governance framework by Auditors for SOX and Basel II compliance projects.