Strong, Enterprise-Wide Audit Strategies


	Advertise with Sarbanes Oxley Compliance Journal

News

< Back

Sarbanes Oxley : Technology : Thought Leader

Strong, Enterprise-Wide Audit Strategies

Chris Skinner
Managing Director
TowerGroup

"Over the past five years, we have seen an explosion of customer contact technologies from email to instant messaging, from text messaging to push-to-talk. Each new technology expands the boundaries of compliance and audit.

"For example, there have been a number of concerns on Wall Street already over AOL IM being used by dealers to share information on market movements. The only way around this is to create strong, enterprise-wide audit strategies that encompass the full range of local, national, international and global legislative requirements. And that, in itself, is no mean challenge. "

"A few banks are rising to the challenge however, for example, JP Morgan Chase backup over a terabyte of customer communications every night. So, if you have not implemented capabilities to retrieve any customer contact within 24 hours of an SEC request, then you better get out there now and start talking to the people who can deliver you systems that can, as that is the law."

TowerGroup is the world?s leading research and consulting firm focused on the global financial services industry. For more than a decade, they have been providing the world?s top financial services, technology, and professional services companies with trusted advice and continuous, timely, and objective information.

Chris recently shared his unique views at the Middle East Financial Technology Conference in Bahrain, Kingdom of Baharian.

About Us

Editorial