sox lite
Spreadsheets are used ever more in day to day operations – so much so that businesses
now find they have a large and quite often unwieldy spreadsheet estate. Intellectual
Capitalists has a team of spreadsheet remediation experts who fully understand how
to (i) create controls around existing spreadsheets and (ii) ensure appropriate
governance is in place once the spreadsheets have been remediated. Remediation is
a multi stage process that incorporates:-
- the formalising of a business wide spreadsheet management policy
- classification and identification of spreadsheets of differing risk to prioritise
workflow
- creation of spreadsheet template with in built controls identified in the policy
formalising process
- remediation and testing of the spreadsheet estate
- ongoing change management and governance
Our approach is built around the work our consultants have undertaken with respect
to Sarbanes Oxley remediation projects within the Financial Services industry. This
is particularly important due to the impending 'Sox lite' legislation to be enacted
by the EU, legislation which will replace the EU 8th Company Law Directive.
