| ISBN: DOI:10.1109/ICDE.2006.155
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| |
| description |
The Sarbanes-Oxley Act instituted a series of corporate reforms to
improve the accuracy and reliability of financial reporting.
Sections 302 and 404 of the Act require SEC-reporting companies to
implement internal controls over financial reporting, periodically
assess the effectiveness of these internal controls, and certify the
accuracy of their financial statements. We suggest that database
technology can play an important role in assisting compliance with
the internal control provisions of the Act. The core components of
our solution include: (i) modeling of required workflows, (ii)
active enforcement of control activities, (iii) auditing of actual
workflows to verify compliance with internal controls, and (iv)
discovery-driven OLAP to identify irregularities in financial data.
We illustrate how the features of our solution fulfill
Sarbanes-Oxley requirements using several real-life scenarios. In
the process, we identify opportunities for new database research.
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| publisher |
IEEE Computer Society
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| type |
Text
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| Article in Proceedings
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| source |
In: Liu, Ling (ed.); Reuter, Andreas (ed.); Whang, Kyu-Young (ed.);
Zhang, Jianjun (ed.): Proceedings of the 22nd International
Conference on Data Engineering -- ICDE '06.
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| contributor |
IAAS, Architektur von Anwendungssystemen
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| subject |
Database Management Systems (CR H.2.4)
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| Computers and Society Public Policy Issues (CR K.4.1)
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