In the latest of our conversations with players in the compliance and governance realm, we talk to Mike Willis, founding Chairman of XBRL International and a proponent of extensive use of XBRL in financial reporting. Compliance Week asked Willis to share his thoughts on the future of eXtensible Business Reporting Language, the chance of the […]
Technology
Posted inData Privacy
PCI Standard Catches Lawmakers’ Eyes
The credit card industry has been trying to force stronger data privacy rules onto the banking and retail sectors for more than a year. Now state legislatures are getting into the act. A California bill forcing merchants to comply with key elements of the Payment Card Industry Data Security Standard is a governor’s signature away […]
Posted inTechnology
Ensuring Technology Changes Are Well Managed
Information technology is critical to the long-term success of most organizations. It is a key reason for the cost of operations, and cost of operations tends to be a vital component of overall profitability. It facilitates the introduction of new business initiatives, as well as the ongoing improvement of current processes, and allows the management […]
Posted inTechnology
Another Step Forward for XBRL Adoption
Extensible Business Reporting Language, the much-touted and little-used computer language the Securities and Exchange Commission hopes will revolutionize financial filings, takes another big step forward this week with the debut of its latest incarnation. SEC Chairman Christopher Cox is set to announce a new “taxonomy” of XBRL terms used to classify financial data—which, in theory, […]
Posted inData Privacy
The Secret Life of Application Controls
Viruses. Worms. Trojans. Denial-of-service attacks. IT security professionals have long wrestled with these and many other external threats, and a bustling industry has sprung up to fend off the pests. Such risks and others posed by those aiming to compromise corporate IT systems and steal data have garnered nearly all the public attention. And from […]
Posted inTechnology
Auditing IT: Where to Focus Your Attention
For most of today’s competitive business environment, it’s a manager’s cliche: “Seconds count.” But when the job is auditing an IT system, the concept applies literally. “Having real-time access to information is absolutely critical,” says Michelle Dickman, chief executive officer of TriGeo Network Security, an IT consulting firm in Port Falls, Idaho. A post-mortem of […]
Posted inInternal Controls
Defense Giants Step Up IT Security Controls
The U.S. Army describes its Future Combat Systems program as a “cohesive system-of-systems” comprised of software, networks, and hardware (as in next-generation tanks) that will allow the future soldier “to see first, understand first, act first, and finish decisively.” Not long after Boeing was named a lead system integrator on the program in 2004, the […]
Posted inTechnology
Case Study: GeoEye’s Process Improvement
This “case study” is the latest in a series of articles aimed at helping public companies understand how other organizations are using technology to comply with new regulations and standards. These are not advertisements or marketing vehicles for the companies mentioned; Compliance Week’s editorial staff speaks with the public company that has deployed the technology, […]
Posted inTechnology
Adding Compliance Solutions To ERP Systems
Companies invest a lot of time and money in enterprise resource planning software—and yet, at the end of the day, those weighty ERP systems still don’t necessarily fulfill all a company’s needs when it comes to financial reporting requirements, such as those outlined under the Sarbanes-Oxley Act. ERP systems aim to integrate all of the […]
Posted inData Privacy
Effective Access Control: Communication, Simplicity
The need for a fancy identity-management system to control access to IT systems depends on how big and complex you are and how much pain your company can take. Linda DiPaola, with less than 500 employees to track, does just fine without any system at all. DiPaola, director of internal audit at Empire Resorts, a […]
