Sox spreadsheet templates

This system detects break-in attempts to computers, databases, fixed and removable storage, and websites. Establish safeguards to establish timelines Implement an ERP system or GRC software that timestamps all data as it is received in real-time. This data should be stored at a remote location as soon as it is received, thereby preventing data alteration or loss. Log information should be moved to a secure location and an encrypted MD5 checksum created, thereby preventing any tampering.

Establish verifiable controls to track data access Implement an ERP system or GRC software that can receive data messages from virtually an unlimited number of sources. This system distributes reports via RSS, making it easy to verify that the system is up and running from any location.

Periodically report the effectiveness of safeguards Implement an ERP system or GRC software that generates multiple types of reports, including a report on all messages, critical messages, alerts. This system uses a ticketing system that archives what security problems and activities have occurred. The template does not aim to replace, among other things, workplace, health and safety advice, medical advice, diagnosis or treatment, or any other applicable law. You should seek your professional advice to determine whether the use of such a checklist is appropriate in your workplace or jurisdiction.

A SOX compliance checklist is used by the management team of publicly traded companies to assess compliance with the Sarbanes-Oxley Act and improve areas where violations may occur.

Use this checklist as a practical application of Section Management Assessment of Internal Controls, as it seems to cause the most compliance difficulties. Download as PDF. Lumiform enables you to conduct digital inspections via app easier than ever before. Digitalize this paper form now Register for free on lumiformapp. Management Assessment of Internal Controls Has operating management taken ownership of their processes and documentation, rather than leaving it to the Section team or the internal auditing function?

Does operating management update all process and control documentation promptly throughout the year and not just when testing starts? Don't have an account? Contact us to get started. Calculate your planning materiality and perform both quantitative and qualitative risk assessments to determine which entities, financial statement accounts, processes, and applications both internal and third-party are in-scope for your SOX program. The integrated risk assessment also allows you to score and prioritize your financial statement accounts and process areas.

Are you an SEC reporting user? Then you can also connect financial data if available from your SEC workspace to this document to further automate the SOX scoping process. Spreadsheet vs. System generated report exported to excel is not considered a spreadsheet Scope Key Spreadsheets We use spreadsheets for so many things but for SOX purposes I want to give you four criteria to identify only key spreadsheets and focus your efforts.

Materiality of the spreadsheet — How key and how much does this spreadsheet impact the financial statements?

Complexity — I know one company that had a workbook with over 60 tabs linked together that they used for budgeting and forecasting. Scope key spreadsheet and testing Testing Key Spreadsheets The amount of testing that we do depends on whether the spreadsheets are high, medium or low risk. Is it password protected?

Sample Size and Roll Forward Testing Because spreadsheets are manual and people-dependent, testing follows the same sample size guidelines as manual controls. Leave a Reply Cancel reply Your email address will not be published.