Budgets, financial statements, and account analysis all provide you with detailed information on the financial operations of your company. An effective CIO must have a good grasp of his Companies revenue and expenses and how this information flows into his IT operations.
If you are aware of the finances of your operation, then you will be able to understand the facets of the SAS70 audit that deal with the testing and examination of financial transactions. By understanding the processes that record financial transaction, an effective CIO will quickly be able to explain abnormal differences to an auditor. Do you have financial information required to manage your operations? Or are you still managing with an abacus? What types of reports are most effective for helping you guide your organization? Are you using balanced scorecards? Sas70expert@gmail.com