In 2002, Sarbanes Oxley Act (SOX) was mandated to protect shareholders interests in public companies by ensuring the accuracy of financial reporting. The recent regulation's compliance deadlines has catapulted SOX to become the number one concern for public companies' executives and board of directors.
Although SOX does not require a Business Continuity process, both external auditors and executives are recognizing the similarities between a SOX compliance project and a Business Continuity Planning effort. And, this is how IDC Partners can help.
IDC Partners' Business Impact Analysis (BIA) can help you identify risk and control deficiencies that can result in process and system downtime. Our BIA service includes data gathering,process mapping and risk identification which are all core requirements of Section 404 of SOX. Conversely, a comprehensive SOX compliance effort provides valuable information for developing or updating a Business Continuity Plan.
