On 15 July Cranfield University School of Management will bring together experts from a range of organisations to identify business benefits from compliance with the US Sarbanes-Oxley Act, and how to cascade them throughout the organisation.
The Sarbanes-Oxley legislation, which introduces controls on all companies with a US stock listing, is causing headaches for many firms aiming to comply by mid-2006. And there are signs that the European Commission has plans to introduce similar legislation within the next four years.
The conference organisers said IT directors need to get to grips with Sarbanes-Oxley.
"They need to work closely with colleagues in finance and other parts of the business, taking a lead in supporting the business document they control. They need to develop people with new sets of competencies that combine business analysis with auditing and compliance skills," said Cranfield.
"They need to help to find ways of reducing the annual cost of Sarbanes-Oxley. They need to change the way in which they plan and roll out systems so that key controls remain intact ahead of financial announcements."