SOX Assessment Management

If you are subject to Sarbanes-Oxley compliance requirements, you know first-hand the challenges inherent in conducting, documenting, and reporting your SOX assessments across the year. You are also familiar with the financial and operational costs of meeting your assessment obligations, as well as with how difficult it can be to communicate assessment progress and results to the right people within your organization in a straightforward, secure, and timely way.

Automating the SOX Assessment Process

SOX assessment typically involves describing key processes, evaluating the risks associated with those processes, identifying risk-mitigating controls, and defining and executing assessment testing. In addition, assessment results must be reviewed internally and, when appropriate, presented for validation to external audit partners.

ProcessUnity's SOX Assessment solution automates the collaborative assessment process for all those who need to participate: internal control teams, process and control owners, testers, internal assessment reviewers, external assessment auditors, and senior management.

• Identify and describe the processes subject to SOX review
• Evaluate process risk and identify mitigating controls
• Collaborate with key stakeholders in reviewing and approving controls and putting them into operational use
• Use out-of-the-box walkthrough and testing patterns or customize assessment phases to match your own SOX program
• Schedule and monitor the progress of SOX assessment completion
• Define assessment tests and capture testing results
• Manage the internal review and approval of assessment results and their release for external audit review
• View assessment progress, test results, and release status for any number of processes and locations