ICXML Work Group

Description

The purpose of the ICXML work group is to provide a standard mechanism for communicating internal controls, and external audit, management certifications. With the advent of recent legislation there is increased likelihood of ERP customers and Audit Firms exchanging a great deal of risk and control information.

The separation of the External Audit from the Risk Assurance activity will mean that Audit firms will be exchanging risk and control information.

Mapping different formats from different audit firms and different ERP solutions is ineffective and adds no value to the parties involved.

The work group will focus on the Risk and Control structure described in the COSO framework.

Project Leader:  Nigel King, nigel.king@oracle.com

Project Status
Yahoo! group for communication:
http://groups.yahoo.com/group/ICXML/
Project Status from last update
The first phase of the ICXML project is now complete with the approval of the RiskControlLibrary and the cooresponding BOD messages. The effort is scheduled to continue in the second phase of the project as outlined in the update above.
Join this Work Group!

To learn more about this work group or to join this work group please write to the Project Leader or Co-Project Leader above. You can also contact the OAGi Chief Architect, Michael Rowell at mrowell@openapplications.org.