Sarbanes-Oxley: A Practical Guide to Implementation Challenges and Global Response

Table of Contents:
1. History Repeats Itself: Lessons not learned 2. Sarbanes-Oxley and Internal Control Reporting: The Main Problems 3. Sarbanes-Oxley Sections 302 and 404: Implementation Dilemmas and Challenges 4. Grading Control Weaknesses 5. IT Management Challenges: Year One Certification 6. The IT Dimension: The Management Agenda 7. Global Reactions and the Way Forward

About the Author :
Sally Chan is senior manager and IT subject matter expert for the Sarbanes-Oxley initiative at RBC Financial Group in Canada. She is responsible for the policy, methodology, standards and specifically the integration of automated controls into the business processes at the entity and activity levels, and the quality review for compliance and sound entity/business/functional unit best practices. Prior to her current assignment, Ms Chan was the senior manager of Technology, Internet and e-Business Risk at RBC's Group Risk Management and from 1995-2000, she was the senior audit manager at RBC, responsible for the IT audit of RBC's Capital Markets Systems world-wide. Ms Chan's previous experience includes technology consulting in the manufacturing, educational and financial services sectors, in North America, China, Hong Kong and the UK. She is a regular contributor to current topics in IT risk and control, and the co-author of several books, including Electronic Commerce Relationships: Trust by Design (2000, Prentice Hall). Ms Chan holds an MA from the University of British Columbia, Canada and is a Certified Management Accountant and associate of the Chartered Institute of Secretaries, Canada. Dr. Parveen P. Gupta, Ph.D., MBA, LL.B. is Magee Distinguished Professor of Accounting at Lehigh University. He received his Doctorate of Business Administration in Accounting from Pennsylvania State University and a law degree from the University of Delhi, India. His teaching and research focuses on corporate governance, enterprise-wide risk management and control, enhancing board effectiveness, internal auditing and Sarbanes-Oxley related issues. Dr. Gupta also advises US-based manufacturing, financial services, and energy industry clients in these areas. He has authored numerous research articles and books in accounting and auditing related areas. Dr. Gupta has received numerous awards for excellence in research and teaching. Most recently his course in corporate governance and risk management was recognised by the American Accounting Association. He speaks frequently at academic and professional conferences and is frequently quoted in the media. Previously, he has appeared on CNNfn's "Maverick of the Morning" show and served as a board member on the Risk Management and Governance Board of the Canadian Institute of Chartered Accountants. Dr. Gupta is an active participant in the National Association of Corporate Directors, Institute of Internal Auditors, Institute of Management Accountants and American Accounting Association Tim J. Leech is Principal Consultant and Chief Methodology Officer at Paisley Consulting, Mississauga, Canada. Prior to this position at Paisley, Mr Leech was founder and CEO of CARD decisions Inc, a global niche consultancy specialising in risk and control assessment learning systems, strategies and software. Prior to setting up CARD decisions in 1991, he was the Managing Director of the Canadian subsidiary of an international consulting firm based in London. He also served as Director - Control & Risk Management Services with The Coopers & Lybrand Consulting Group in Toronto, after a varied career in controllership and internal audit with Gulf Canada in Toronto and Calgary. He holds a Masters in Business Administration, degree majored in human resources and accounting and was recognised with an FCA designation in 1997 from the Ontario Institute of Chartered Accountants for distinguished service to the profession.