Sarbanes-Oxley Guide for Finance and Information Technology Professionals, 2nd Edition
"Effective SOX programs enlist the entire organization to build
and monitor a compliant control environment. However, even the best
SOX programs are inefficient at best, ineffective at worst, if
there is a lack of informed, competent finance and IT personnel to
support the effort. This book provides these important
professionals a needed resource for and road map toward
successfully implementing their SOX initiative."
—Scott Green Chief Administrative Officer, Weil, Gotshal & Manges LLP and author, Sarbanes-Oxley and the Board of Directors
"As a former CFO and CIO, I found this book to be an excellent
synopsis of SOX, with impressive implementation summaries and
—Michael P. Cangemi CISA, Editor in Chief, Information Systems Control Journal and author, Managing the Audit Function
"An excellent introduction to the Sarbanes-Oxley Act from the
perspective of the financial and IT professionals that are on the
front lines of establishing compliance in their organizations. The
author walks through many areas by asking 'what can go wrong' types
of questions, and then outlines actions that should be taken as
well as the consequences of noncompliance. This is a good book to
add to one's professional library!"
—Robert R. Moeller Author, Sarbanes-Oxley and the New Internal Auditing Rules
"Mr. Anand has compiled a solid overview of the control systems
needed for not only accounting systems, but also the information
technologies that support those systems. Among the Sarbanes books
on the market, his coverage of both topics is unique."
—Steven M. Bragg Author, Accounting Best Practices
"An excellent overview of the compliance process. A must-read
for anyone who needs to get up to speed quickly with
—Jack Martin Publisher, Sarbanes-Oxley Compliance Journal
PART I: Sarbanes-Oxley For The Finance Professional.
CHAPTER 1: Scope and Assessment of the Act.
Strong Internal Controls.
Corporate Process Management.
CHAPTER 2: Internal Controls.
Components of Internal Control.
Purpose of Internal Control.
Developing an Internal Control System.
CHAPTER 3: Control Environment.
Information and Communication.
CHAPTER 4: Material Weaknesses.
Specific Internal Controls to Evaluate.
CHAPTER 5: Implementing Sarbanes-Oxley: What Does Compliance Look Like?
Reporting, Documentation, and Archiving.
CHAPTER 6: Technology Implications.
Changes in IT Management.
CHAPTER 7: Sarbanes-Oxley–Related Bodies.
Public Company Accounting Oversight Board.
Committee of Sponsoring Organizations.
Securities and Exchange Commission.
Financial Accounting Standards Board.
CHAPTER 8: Opportunities and Challenges Created by Sarbanes-Oxley.
CHAPTER 9: Summary for the CFO.
Changes to Corporate Governance.
Catalyst for Improvement.
PART II: Sarbanes-Oxley For The IT Professional.
CHAPTER 10: Impact of Sarbanes-Oxley.
Impact on the Enterprise, the CEO, and the CFO.
Impact of Sarbanes-Oxley on Corporate Management Systems.
Impact of Sarbanes-Oxley on the Technology Infrastructure.
CHAPTER 11: Technologies Affected by Sarbanes-Oxley: From Sarbanes-Oxley to SOCKET.
Separate Vendor Hype from Reality.
Sarbanes-Oxley Compliance as an IT Project.
Perspective on Sarbanes-Oxley Goals.
Steps for Sarbanes-Oxley Compliance.
Sarbanes-Oxley and The SEC.
CHAPTER 12: Enterprise Technology Ecosystem.
Organic IT Architecture.
Ecosystem and Sarbanes-Oxley.
CHAPTER 13: Implementing the SOCKET Methodology.
Species or Components of the Enterprise Technology Ecosystem.
Transactional Systems: ERP, SCM, CRM.
Analytical and Reporting Systems.
CHAPTER 14: SOCKET and Enterprise Information Management.
Document Management and Sarbanes-Oxley.
Communication and Networking.
CHAPTER 15: The Process.
Introduction to the Process.
Strategic (Top-Down) Approach.
Tactical (Bottom-Up) Approach.
Monitoring the Audit Team.
Implementation Process: Reengineering for Sarbanes-Oxley Compliance.
Beyond Sarbanes-Oxley: From SOCKET to Success Ecosystem.
APPENDIX A Sarbanes-Oxley Implementation Plan: Developing an Internal Control System for Compliance (Focusing on Sections 302 and 404).
APPENDIX B Project to Process: Making the House a Home.
APPENDIX C Enterprise Project Management and the Sarbanes-Oxley Compliance Project.
APPENDIX D Enterprise Risk Management—Integrated Framework.
APPENDIX E COBIT 3—Executive Summary.
APPENDIX F COBIT 4—Executive Summary.
He has an MSc in technology and an MS in computers from the Birla Institute of Technology and Science of Pilani, India, and an MBA and an MS in finance from Boston College. He is a Fellow of the Institution of Electronics and Telecommunication Engineers (IETE).