SOX Center

Risk management is still not delivering the value that it should, despite a wave of regulatory reforms such as Basel II and Sarbanes Oxley, a new study by PricewaterhouseCoopers in co-operation with the Economist Intelligence Unit has found.

The firm questioned more than 400 financial services executives and found that despite considerable investment, risk managers are not very confident that ongoing efforts are very effective in adding value to the business.

Only 50% of the risk managers in the survey sample believed the function contributed substantially more value than it did three years ago.

AccountancyAge:PwC: Risk management not delivering value

Securac Corp. an enterprise governance, risk assessment and compliance software and services vendor and provider of Acertus(TM), an integrated software platform for governance, risk and compliance (”GRC”), announced today its wholly-owned subsidiary, Securac Inc., has formally agreed to purchase the assets of Sox Process, Inc. (SPI”), a company based in Simi Valley, California.

Securac’s Acertus(TM) application module for SOX automates assessment of controls and management of the audit process and capture of evidentiary documentation as required by Sections 302, 404 and 906a of SOX. The framework utilizes assessment methodologies such as ISO 27001/17799:2005 or COBiT for the information requirements of 404a, or Basel II for financials, as well as SOX specific content pre-populated in the powerful Acertus(TM) knowledge bases and analytic engine.

SPI’s toolbox that it has created — the ‘SOX in a box’ approach provides companies with a roadmap to navigate through the SOX process, assisting CEOs and CFOs in making the compliance process easier, less expensive and more rapidly completed — will compliment our current knowledge bases under our Acertus(TM) SOX module.

Securac acquires Sarbanes-Oxley company