Regulatory Compliance

Sarbanes-Oxley is the buzzword today....more and more enterprises are keen to be in compliance with this Act. In simple words SOX is all about definition, documentation, implementation and assessment of effective internal controls. Its also about prompt reporting of material events, which may effect the financial performance of the firm.

Compliance to this Act has lead organizations to streamline their Governance process. Section 404 of SOX promotes good organizational governance procedures. Section 302 needs the CEO and CFO to disclose whether there were any significant changes in the firm's internal controls within 90 days of the financial reporting filings.

So how does it all help and organization:
1. It helps educate employees
2. Helps to monitor and audit policy compliance
3. It changes the behaviour of trusted employees to prevent accidental disclosures
4. It helps identity and fix poor business processes that unnecessarily expose to sensitive data,
5. It prevents costly and embarrassing compliance incidents.

Have a good day.

Process Change

It's been a bright Tuesday morning. Having taken a break from work the last 5 days had been refreshing as I could reflect on many things that I had desired to do. Having been in the field of Software Process I have been thinking to lending a helping hand to those who desired to know more on establishing a process in their organizations whatever field they maybe in. Being a change agent over the last 10 to 12 years in my life and having seen orgnizations across the globe trying to implement a solution for a business problem has given me great insight on what today's organizataion what in terms of business benefit.

I grew up with the belief that every problem has multiple solutions, and the only challenge is identifying the right solution at a given circumstance at a given point in time. Solutions are usually simple than what we really imagine them to be. More often we can apply simple solutions to even our most demanding personal problems that we may encounter in our daily lives.

Here i am ready to give ideas to anyone who seeks one. Do get in touch with me at vasanthan@myway.com in case you need a quick-fix. You may also visit my profile at http://www.linkedin.com/pub/3/703/030 or http://www.ecademy.com/user/vasanthanphilip

Sharing experiences and reaching out to people has been enriching as it also helps to get to know more and more people in every city or country. Let your motto for the year be "A fiend in every city".

Share your thoughts, and let me know if you need anything from me.

Have a great day.