Software assesses effectiveness of internal controls.
Press Release Summary:
Lotus® Workplace for Business Controls and Reporting v2 consists of portal-based collaborative Web application that helps manage processes, controls, and information useful in complying with internal-control reporting requirements of Section 404 of Sarbanes-Oxley Act. Software provides foundation for financial reporting processes as well as organized approach to gathering information and assessing effectiveness of internal controls.
Original Press Release:
IBM Lotus Workplace for Business Controls and Reporting V2 - Gather and Monitor Information About Controls in a More Consistent and Organized Manner
At a glance
IBM Lotus Workplace for Business Controls and Reporting V2 provides a technology solution to support internal business controls and reporting to help companies in their efforts to address the requirements of Section 404 of the Sarbanes-Oxley Act of 2002. For CEO's and CFO's, compliance with these new reporting procedures is not a matter of choice - it is a cost of doing business.
Overview
IBM, with advice from KPMG, designed IBM Lotus® Workplace for Business Controls and Reporting V2 to help companies manage processes, controls, and information that may be useful in complying with the internal-control reporting requirements of Section 404 of the Sarbanes-Oxley Act.
Lotus Workplace for Business Controls and Reporting V2:
· Combines IBM's software with KPMG's knowledge of internal control to create an end to end solution
· Is intended to provide a foundation for a company's financial reporting processes, and an organized approach to gather information, and to better assess the effectiveness of internal controls
Planned availability dates
March 30, 2004: Electronic software delivery - Windows(TM) (English only)
April 26, 2004: Electronic software delivery - Windows and AIX® (German, French, Spanish, Italian, Brazilian Portuguese, Korean, Japanese, Simplified Chinese, and Traditional Chinese)
April 18, 2004: Media and documentation - Windows (English only)
May 21, 2004: Media and documentation - Windows and AIX (German, French, Spanish, Italian, Brazilian Portuguese, Korean, Japanese, Simplified Chinese, and Traditional Chinese)
Description
IBM Lotus Workplace for Business Controls and Reporting is a portal-based collaborative Web application designed to assist companies in their efforts to assess internal controls. Companies can now increase their focus on the management of disparate forms of information. Lotus Workplace for Business Controls and Reporting can assist companies to pro-actively share information with relevant participants in the reporting chain.
Lotus Workplace for Business Controls and Reporting provides a dynamic work environment in a single, scalable, reliable platform that can be easily deployed. The solution helps provide greater visibility into a company's internal controls and business processes to help respond more efficiently and effectively to new legislative requirements, now and in the future. Role-based access to disclosure controls documents, internal controls matrices, testing procedures and results, residing in a single repository, helps individuals to quickly identify issues and help mitigate risks. Capabilities are modular in approach and can be expanded, as required, to meet changing business needs.
Accessibility by people with disabilities
IBM Lotus Workplace for Business Controls and Reporting has the following accessibility characteristics.
· Features for visually impaired users:
- Supports interfaces commonly used by screen readers (Windows only)
- Can be operated using only the keyboard
- Allows the user to request more time to complete timed responses
- Supports customization of display attributes such as color, contrast, and font size
- Communicates all information independently of color
- Supports interfaces commonly used by screen magnifiers (Windows only)
- Supports the attachment of alternative output devices
- Provides documentation in an accessible format
· Features for users with mobility impairments or limited hand use:
- Can be operated using only the keyboard
- Allows the user to request more time to complete timed responses
- Supports the attachment of alternative input and output devices
· Features for the deaf and hard of hearing users:
- Supports alternatives to audio information
- Supports adjustable volume control
· For cognitively impaired users, the user can request more time to complete the activity
· Does not flash the screen at rates that could induce epileptic seizures
IBM Lotus Workplace for Business Controls and Reporting V2.0 is capable on delivery, when used in accordance with IBM's associated documentation, of satisfying the applicable requirements of Section 508 of the Rehabilitation Act of 1973, 29 U.S.C. Section 794d, as implemented by 36 C.F.R. Part 1194, provided that any Assistive Technology used with the product properly interoperates with it.
Trademarks
Lotus and AIX are registered trademarks of International Business Machines Corporation in the United States or other countries or both.
Windows is a trademark of Microsoft Corporation.
Other company, product, and service names may be trademarks or service marks of others.
