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.
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