The major things that IT managers will have to do differently when Sarbanes-Oxley becomes fully implemented and effective

For this reason , the board should aware of how business executives use information (Erickson , 2003

While good IT systems do not guarantee that there is violation , at least IT can provide safeguards and help build a culture of attention to information , including its timeliness , accuracy and communication

Digital Investigation

In line with second mandate to perform investigation , IT developer has developed digital investigation procedures to detect any accounting fraud . When Enron case occurs , fo instances , investigator has employed information technology to detect and retrieve hidden data to obtain any

supporting evidences

Andrew Rosen , president of ASR Data Acquisition Analysis that is one of three data-recovery companies working on the case , says that digital investigation on Enron will be the largest computer forensics investigation ever since investigators examine more than 10 ,000 computer backup tapes , 20 million sheets of and more than 400 computers and handheld devices . The electronic data is up to 10 times the size of the Library of Congress (Iwata , 2002

Areas of IT Development

In line with the first mandate to provide quality reporting , there is a demand that IT provides auditing capabilities for document management access to financial data , or long-term storage of information . The situation suggests that there are other areas that IT must cope with as following

Risk Assessment . It highlights the need of IT to be capable of examining how the company 's system are being used along with accuracy of existing document

Control Environment that drives corporations to provide suitable training for employees regarding the design and implementation of IT in accounting practice

Control Activities describes the requirement of information system to develop an audit on any functions that contributes a corporate financial information

Monitoring that require information system to conduct frequent internal audits (Netiq , 2006

Questions on Impact of Sarbanes Oxley...