The results of new study by META Group run contrary to other surveys on the topic of compliance budgeting. According to the study, 64 percent of companies have budgets dedicated to financial regulatory compliance, with the average budget projected to be $7.2 million in 2005. However, that information runs counter to two recent and separate […]
Technology
Posted inTechnology
Q&A With Ventana Research VP Robert Kugel
In a story on internal control remediation efforts in the July 20 edition of Compliance Week, PricewaterhouseCoopers noted that companies were making the greatest number of improvements in areas related to financial processes. However, Belmont, Calif.-based Ventana Research recently noted that companies did not seem to be heavily investing in SOX 404 technologies. We turned […]
Posted inInternal Controls
Q&A With Chief Accounting Officer At Iron Mountain
This profile is the latest in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. We usually talk to chief compliance officers or governance officers. What can you tell us about your ‘chief accounting officer’ […]
Posted inInternal Controls
Boards Should Not Neglect Open Source Software Compliance
As directors and executives at U.S. public companies, we’ve all got plenty of items to worry about—risk assessment, internal controls, stock option expensing, and the litany of other governance and compliance issues. Unfortunately, I’ve just discovered another. Fortune Magazine recently ran a cover story that discussed SCO Group’s lawsuit against IBM, claiming ownership of portions […]
Posted inTechnology
Software, Services Firms Launch Compliance Consortium
A group of software, content and services firms announced yesterday the launch of the Compliance Consortium, which will promote efficient enterprise governance, risk and compliance management. The consortium, spearheaded by enterprise compliance solution provider Axentis, includes a variety of other companies like risk consulting and internal audit firm Jefferson Wells, whistleblower reporting service The Network, […]
Posted inInternal Controls
Protiviti, Stellent To Collaborate On Compliance Platform
Stellent, a $78.5 million content management company that addresses SOX 404 through a “Sarbanes-Oxley Solution,” will announce this week that it plans to collaborate on a compliance platform with internal audit and risk consulting firm Protiviti. The co-marketed solution will combine Protiviti’s industry expertise with Stellent’s content management framework. In a recent conversation with Compliance […]
Posted inTechnology
Internal Control Software Firms Name Additional Clients
Nth Orbit recently announced that $3.2 billion beverage bottler PepsiAmericas and $34.7 million semiconductor equipment company AXT will use the company’s Certus software for their SOX 404 compliance efforts. Over $1 billion is expected to be spent on SOX-compliance technologies this year, according to AMR research. Durkin According to PepsiAmericas EVP and CFO Michael Durkin, […]
Posted inInternal Controls
Internal Control Software Battle Heats Up
In a bold move, Waltham, Mass.-based OpenPages recently acquired the rights and assets of PricewaterhouseCoopers’ internal controls compliance software. The acquisition immediately brings over 350 PwC clients to OpenPages, positioning the company as a dominant leader in the emerging enterprise compliance management market. Software in this market generally helps companies manage their Sarbanes-Oxley compliance efforts, […]
Posted inTechnology
SEC Chooses EMC For Email Management Solution
Last week, $6.2 billion EMC announced that the Securities and Exchange Commission would deploy the company’s solutions to help with storage management of email. The announcement is a huge win for EMC, which is seeing increased competition from IBM, HP, Zantaz and others in the records-retention market, and which is under pressure to justify the […]
Posted inTechnology
Audit, Risk Management Vets Joining IT Advisory Boards
Steinberg Technology companies are increasingly looking to industry veterans to help them develop products. On the heels of our coverage last week that COSO Report co-author Malcolm Schwartz had joined one technology company’s advisory board, SOX software provider e-Onehundred Group announced that Neil Jackson had done the same for them. Jackson, who has held senior […]
