To date, the PCAOB and external auditors reviewing compliance with Sarbanes-Oxley have been attentive primarily to security, change management, and problem management. A key focus for the audit is integrity of the technology infrastructure for processing, storage, and communication of financial data. This is especially true when financial reports are generated from a data warehouse […]
Popularity: 21% [?]
Controls surrounding third-party services should ensure that roles and responsibilities of third parties are clearly defined, adhered to, and continue to satisfy requirements. Control measures are aimed at reviewing and monitoring existing contracts and procedures for their effectiveness and compliance with organization policy. The dissolution of a major contract could have significant impact on financial […]
Popularity: 15% [?]
Below Sample SOX Policy Statements:
The design, implementation, and operation of all information technology systems and the business processes they support shall be done in a manner that respects the maintenance of privacy of personally identifying information, personal medical information, and personal financial information for customers and employees alike.
Employee measures: Adequate controls will be implemented across […]
Popularity: 20% [?]
Below sample access control policy statements that can be used for your company or IT department policy:
Data access will be restricted to those with a need to know, denying access to the data by all others. The business units will determine need to know for all employees.
All possible control measures will be applied for maintaining […]
Popularity: 19% [?]
Policy: This policy establishes the standards and procedures for accounting system security in compliance with management’s objectives.
Procedures: In order to gain access to the accounting system, an ABC Co. Accounting System Request Form must be completed and approved by the requester’s manager. This form is also used if it is necessary to change an existing […]
Popularity: 15% [?]