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For Business Process Professionals

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August 24, 2005

US Federal Government Gears Up For A-123

OMB Internal Controls Requirement Is Similar To SOX 404

by Paul D. Hamerman, Robert Markham

with Ian Schuler

This is an excerpt

Executive Summary

The revisions to OMB Circular A-123 in January 2005 make US federal agencies and their executives responsible for a rigorous internal controls assessment similar to that imposed on the private sector by Sarbanes-Oxley Section 404. Agencies should look to leverage the experience of the private sector in meeting the requirement efficiently and effectively. Technology enablement of this compliance process can provide a sustainable approach as well as value-added capabilities for monitoring and improving controls on an ongoing basis.

This is an excerpt

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