- Request a demonstration
Witness the power of ConsoleWorks with a knowledgable representative on hand to answer any questions.
- Read a white paper
Read an extended version of this document, with detailed information on how ConsoleWorks supports Sarbanes-Oxley Compliance.
Meeting the new federal regulatory demands imposed by the Sarbanes-Oxley Act has challenged companies. In particular, it has caused
significant shifts in both the priorities and activities of publicly held companies. Companies must now
identify significant financial accounts, the business processes surrounding the function of such
accounts, and the applications and information technology (IT) infrastructure that support these
business processes. Companies must document these accounts. Their auditors must attest to the
controls and processes surrounding such accounts and must generate an annual “attestation report”
(also called a “404 attestation,” after Section 404 of SOX) which confirms management’s effective
financial control environment.
Although SOX does not mandate any particular technology or software-based controls, having the right
software in place can ease the load imposed by these new regulatory demands. ConsoleWorks can ease
your company’s SOX compliance efforts by giving you a robust and adaptive framework upon which to
build a SOX solution today, while remaining flexible enough to provide a sustainable solution that will easily adapt to the changing
business needs of tomorrow.
And while ConsoleWorks supports an organization's compliance goals, it also reduces system management overhead. Whereas most organizations utilize one application to monitor for equipment failures, another to detect attempted login failures and several more to provide remote management of all critical devices, ConsoleWorks delivers the same level of functionality in a single package with the convenience of a web browser.
SOX Requirements Summary and ConsoleWorks Support
| SOX Requirement |
ConsoleWorks Provides |
Section 404.
Section 404 can be one of the most difficult areas in which to show compliance. Auditors must certify
the underlying processes and controls used for financial reporting and identify the framework used for their assessment. Section 404 requires that processes used to generate
financial statements be accurate and meet accepted industry standards. It also requires that any changes to these processes be
reported each quarter. |
- Complete logging of management interaction with audit trails for accountability to the responsible individual(s) and Regulatory Agencies if required.
- A framework for managing heretofore unmanageable devices or integrating with existing monitoring tools; ConsoleWorks interfaces easily, non-intrusively, and provides a centralized global view of any critical enterprise infrastructure.
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Section 409.
This section calls for real-time reporting of events
that could materially affect a company’s financial performance. Although the SEC has not yet defined
real-time nor has it set a date for implementation, many companies are interpreting real-time reporting
to mean “within 48 hours”. Regardless of how or when it is defined, companies face significant
integration and implementation hurdles to satisfy and comply with Section 409. |
- Complete data stream monitoring and logging providing notification, via email, alarming, paging, etc. without limitation for specific event occurrences.
- Analysis of every event, as it happens. Is it a regulatory compliance event? Does it need immediate remediation? Has that system gone down because of an isolated hardware problem, or is it part of a bigger and more serious picture? ConsoleWorks’ knowledge-base contains detailed intelligence regarding all systems, applications and devices being managed, allowing ConsoleWorks to give you the information you need, when you need it.
|
- Request a demonstration
Witness the power of ConsoleWorks with a knowledgable representative on hand to answer any questions.
- Read a white paper
Read an extended version of this document, with detailed information on how ConsoleWorks supports Sarbanes-Oxley Compliance.
It’s time for ConsoleWorks
Whether you are in the healthcare, energy management, financial services, government, telecom or manufacturing industry ... we understand your business. If your organization depends on business-critical infrastructure, you need ConsoleWorks.
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