Special: IT Advisory

Preface
Ir. J.A.M. Donkers RE

Facts to Value
Transforming data into added value
Drs. P.C.J. van Toledo RE RA, Drs. G.J.L. Lamberiks RE en Q. Rijnders MSc RA
The focus of this article is creating value by using data from automated systems, or in other words, converting "Facts to Value." The authors describe recent experiences and lessons learned while implementing data mining in various situations, such as working capital management, internal control and forensic investigations.

Successful Governance, Risk and Compliance within reach
Mw. B. Beugelaar RE RA en Drs. W.A.J. van Loon RA CIA
Many organizations see developing a more effective and efficient internal control structure as a significant way to improve the effectiveness of operations and reduce business risk. How can an organization ensure that integrated GRC is successful and serves the company's objective? How to move from vision to implementation to success?

Privacy by Design: From privacy policy to privacy-enhancing technologies
Drs. ing. R.F. Koorn RE en Drs. J. ter Hart
Online profiling, smart metering, IT offshoring, smart cards, public surveillance and cloud computing: if IT sometimes causes or aggravates privacy problems, can technology also be part of the solution? This article discusses the translation of privacy legislation through privacy policy to privacy measures.

Establishing a Tax Control Framework: The utility and necessity of IT
W.T.B. Peters RE RA, Drs. M.R. van den Brink, Drs. G.A. de Roest RE en Drs. S. Janssen RE
The Dutch Tax Administration has developed a new approach to supervising tax-paying organizations. It is called "horizontal supervision." The "Tax Control Framework" (TCF) is a vital element in this approach. This article will clarify why it is not only helpful but necessary to apply IT and ERP-systems when setting up a TCF.

SAS 70 revised: ISAE 3402 will focus on financial reporting control procedures
Drs. J.J. van Beek RE RA en Drs. M.A. Francken RE RA CISA
This article discusses the recent changes in the SAS 70 regulations and their potential impact on practice.

Assurance in the cloud
The impact of cloud computing on financial statements
Drs. W.S. Chung RE
This article addresses customer concerns about the degree of assurance represented by a company's financial statements when its business processes are moved into the cloud.

AudIT Innovation
Drs. M.A.P. op het Veld RE, Drs. ing. S.R.M. van den Biggelaar RE en Drs. H.T.M. Daanen RE
KPMG IT Advisory facilitated a series of round tables with companies from the Netherlands that use SAP. The key question was: "How can I get more value from my SAP system?" This article is a report on the round table dealing with AudIT Innovation.

Effective master data management
Drs. R.A. Jonker RE RA, Drs. ing. F.T. Kooistra, D. Cepariu, J. van Etten en S. Swartjes
A quick glance at why you need to think effectively in terms of master data, the article provides an overview of what is master data management in today's business context, what are the main challenges, risks and opportunities derived from it, and what is the best methodology to effectively manage them.