SOX News

atsec Supports Siemens AG with Preparation and Consulting for Sarbanes-Oxley-Conformity

(Feb 28, 2008)-- atsec information security GmbH recently completed a project to provide Sarbanes-Oxley (SOX) consulting services to Siemens AG Munich.

“The department providing Shared Services for Siemens AG Munich required validation of the data center services for SOX conformity in 2007. The project started in January 2007, and the deadline was September 2007. Approximately 60 IT General Controls had to be implemented within each of 12 relevant data centers." said Siemens SOA-Executive Dr. Hans-Michael Korff on atsec’s contribution to the project’s success.

"After an internal preparation phase from January to March, atsec joined the project and took over responsibility for initial training of control designers and owners and first internal SOX testings. Using the general controlling concept developed within Siemens as a basis, the atsec coaches quickly and efficiently adapted it to unique situations at a number of small Shared Services data centers. Atsec also developed a process to train personnel and give them the right idea of SOX controlling. Excellent and effective cooperation led to successful SOX certification on time and with no deficiencies. We are very pleased and will be interested in working with atsec again in the future to get an major coverage of compliance. By the way, it was not our first good experience with atsec.” added Korff.

SOX is the Public Company Accounting Reform and Investor Protection Act of 2002. It was passed in response to high-profile business failures, such as Enron and WorldCom, in order to reinforce investment confidence and protect investors by improving the accuracy and reliability of corporate disclosure.

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