How Simulation Aids
Sarbanes-Oxley Compliance
A Problem with Compliance
How can you ensure that the Sarbanes-Oxley (SOX) compliance plan you implement is the same one your legal and financial advisers recommended? This is an important question because the risks of noncompliance are so high. It is to your direct benefit to make sure that all decision makers understand what is described and agree to it. Unfortunately, business process and software application requirements typically are described using non-intuitive, ambiguous methods.
Simulation Is Understood by Everyone
Unlike static text or diagrams, a simulation is directly experienced. Text and diagrams must be interpreted. How can you ensure that different people have interpreted with the exact same meaning? It is all too easy for details to slip through unexamined.Simulation makes it much easier for all parties to understand without interpretation. A simulation behaves in a specific way. When a viewer sees something unexpected, it will generate a conversation. Ideas get refined, clarity is added and consensus is built during that discussion. Decision makers reach agreement during these discussions. The probability that the best compliance plan is rolled out the first time goes up.
Employee Training
A good SOX compliance plan includes regularly scheduled employee training. Typically, a separate presentation is created at additional expense for the training. The simulation itself can be used as the foundation for your training whether you do live or computer-based training. This ensures that the training matched the compliance plan approved by your legal and financial advisers because it is the plan - the same simulation they used to approve the plan. Your compliance risk is reduced. Your implementation cost is lower.
From SOX Compliance to Business Processes
From Sarbanes-Oxley Compliance to Building Requirements Consensus Home
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