SOX ITGC – Everything You Need To Know And 5 Tips To help You Get Started

Technology and applications are part of almost every business process in the enterprise today. From the finance department to marketing, businesses depend on technology solutions to help them run. But technology doesn't come without some risks, and that's where your IT General Controls (ITGC) come into play.  What are SOX ITGCs? ITGCs are required by the Sarbanes Oxley Act of 2002 (SOX) to ensure the integrity of financial reports. While SOX is focused on the propriety of your financial and accounting practices, SOX ITGC controls focus on IT systems such as applications, operating systems, databases, and the supporting IT infrastructure. Your SOX ITGCs ensure IT and security activities are managed and governed according to your policies and procedures and support the effective functioning of application controls by helping to ensure the proper operation of information systems. Together ITGCs and application controls ensure the integrity of your data and processes across the IT...