LogicManager.

• Position: ERM SOFTWARE

Responding to the release of Auditing Standard 5 (AS5) earlier in the year, LogicManager, a provider of enterprise risk management (ERM) software, has announced the release of LogicERM v3.0, a product enhancement created to help companies take advantage of the new top-down, risk-based audit standard.

The LogicERM v3.0 release provides five distinct levels of decision-support methodology to qualify and quantify scoping activity not currently included within current Sarbanes-Oxley (SOX) solutions. These levels address entity-wide controls, significant accounts and disclosures, prioritization of process risks, comprehensive risk assessments by process owners and risk-based scoping of IT general and application controls.

Activities determined to have low significance in each of the successive five levels within LogicERM suggest where the internal and external scope of work can be reduced while providing systematic and objective documentation to justify the decisions made. LogicERM's sharply focused scoping capabilities also...