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Compliance Deconstructed: When you break it down, compliance is largely about ensuring that business processes are executed as expected.
J. C. Cannon, Marilee Byers
ACM Queue - Compliance
Compliance Deconstructed
When you break it down, compliance is largely about ensuring that business
processes are executed as expected. JC CANNON AND MARILEE BYERS, MICROSOFT
The topic of compliance becomes increasingly complex each year. Dozens of
regulatory requirements can affect a company’s business processes. Moreover,
these requirements are often vague and confusing. When those in charge of compliance
are asked if their business processes are in compliance, it is understandably
difficult for them to respond succinctly and with confidence. This article
looks at how companies can deconstruct compliance, dealing with it in a systematic
fashion and applying technology to automate compliance-related business processes.
It also looks specifically at how Microsoft approaches compliance to SOX (Sarbanes-Oxley Act of 2002).
Compliance Drivers
Regulatory legislation and corporate governance are primarily what drives compliance.
Failure to comply with legislation such as Sarbanes-Oxley can lead to fines
and disruption of day-to-day business. Even companies that are not concerned
with regulatory legislation need to protect important corporate resources
such as customer data and trade secrets.