A knowledge library for CFOs, CIOs, and finance transformation leaders. Topics spanning the full Digital Finance Architecture framework.
Sarbanes-Oxley Act 2002 is a US federal law enacted on July 30th, 2002. Commonly known as SOX, it came to be as a result of corporate scandals that put investors at risk due to misrepresented financial reporting. The main aim of this act is restoring investor confidence and trust by holding public company executives accountable for the reliability of the financial statements. Drafted by U.S. Senator Paul Sarbanes and U.S. Representative Michael Oxley, it has 11 sections, and we’ll focus only on one section 404. This has two parts Section 404a which all public companies must adhere to and Section…
By 2020 cloud computing will be the most preferred choice for software development according to expert’s prediction. Cloud Computing is rapidly gaining popularity. In place of local servers,organizations are shifting to using pools of managed computer systems available over the internet. Cloud computing has different deployment models such as private cloud, community cloud, public cloud, and hybrid cloud. This article briefly reviews the four most common deployment models. 1.Public Cloud Public Cloud shares infrastructure and resources among the general public. The data is stored and managed by a third party. The users do not need to buy or maintain their…