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Home Sarbanes-Oxley and CobIT Standards


The Sarbanes-Oxley Act (SOX) of 2002 requires strict internal IT controls and processes. It applies to all public companies. The purpose of the SOX Section 404 control audit is to identify “control deficiencies” that could affect the financial reporting of the company.

The IT Governance Institute's Control Objectives for Information and related Technology (COBIT) is most frequently used to help achieve Sarbanes-Oxley Act compliance. While the guidelines have been around since 1996, the guidelines and best practices have almost become the defacto standard for auditors and SOX compliance, mostly because the COBIT standards are platform independent.There are approximately 300 generic COBIT objectives, grouped under six COBIT Components. When reviewing and applying the COBIT guidelines and best practices, keep in mind that they will need to be tailored to your particular environment.