Computer Science – Software Engineering
Scientific paper
2008-03-21
Proc. European Spreadsheet Risks Int. Grp. (EuSpRIG) 2005 213-226 ISBN:1-902724-16-X
Computer Science
Software Engineering
16 Pages. Recovered by OCR from paper conference proceedings
Scientific paper
This paper maintains that archiving has been overlooked as a key spreadsheet internal control. The case of failed Jamaican commercial banks demonstrates how poor archiving can lead to weaknesses in spreadsheet control that contribute to operational risk. In addition, the Sarbanes-0xley Act contains a number of provisions that require tighter control over the archiving of spreadsheets. To mitigate operational risks and achieve compliance with the records-related provisions of Sarbanes-Oxley, the author argues that organisations should introduce records management programmes that provide control over the archiving of spreadsheets. At a minimum, spreadsheet archiving controls should identify and ensure compliance with retention requirements, support document production in the event of regulatory inquiries or litigation, and prevent unauthorised destruction of records.
No associations
LandOfFree
Archiving: The Overlooked Spreadsheet Risk does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.
If you have personal experience with Archiving: The Overlooked Spreadsheet Risk, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Archiving: The Overlooked Spreadsheet Risk will most certainly appreciate the feedback.
Profile ID: LFWR-SCP-O-596734