Download SOX Compliance Checklist
Here’s a summary of what needs to be done to ensure compliance with SOX:
- Data Integrity: Implement measures to prevent financial data tampering.
- Audit Timeline: Establish and adhere to a clear audit schedule.
- Data Access Controls: Verify who has access to what data and ensure accountability.
- Ongoing Monitoring: Regularly test the effectiveness of internal controls, not just during audits.
- Fraud Detection: Implement processes for identifying and responding to fraud attempts.
- Security Breach Reporting: Ensure transparency in reporting any security breaches.
- Automation: Implement automated controls wherever possible to enhance reliability and accuracy.
- Risk Assessment: Regularly assess risks to identify new or emerging threats to financial reporting.
