Sarbanes-Oxley HR Tool Enhanced
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Logical Apps of Irvine, Ca. has added HR and payroll controls to its flagship Sarbanes-Oxley solution. The enhancements should enable CIOs and CFOs to implement and enforce internal controls in the HR and payroll areas. The Sarbanes-Oxley solution is designed so CIOs and CFOs can implement and enforce internal control policies within Oracle E-Business Suite at the application level. Over 100 segregation of duties conflicts and 300 change controls related to HR. A full audit trail is also offered. “Because of government regulations, there is a recent trend that company boards and executive management are more frequently demanding assurance that critical information in enterprise resource systems is secured from either accidental errors or intentional manipulation,” said Chris Capdevila, CEO Internal controls are a hot topic at the moment. Corporate America is spending hugely trying to comply with section 404 of Sarbanes-Oxley. 404 requires public companies to examine internal controls and attest to their effectiveness. Segregation of duties is one part of the controls activities that go to make up an internal control, according to the COSO framework. Capdevila again, “Our pre-bundled solution enables IS management to hide sensitive data, like employee social security numbers and salary history from users that do not need the information, as well as prevent unauthorized access to job duty conflicts, like entering a new employee into the system and processing the employee’s paycheck.”
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