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:: Home >> IT Consulting >> Legal Compliance >> Sarbanes-Oxley Compliance >> SOX Implementation Survey

Sarbanes-Oxley Implementation Survey

1. Is your Company currently conducting a Sarbanes Oxley project, and is an individual acting as the primary Sarbanes Oxley (SOX) project management capacity?

Yes No

 

1a. If yes, please explain (project leader, co-project leader, etc.):

 

1b. If no, do individuals within your company have specific SOX project responsibilities (check all that apply)?

Risk assessment coordination, facilitation and analysis

Operational self-assessment coordination, facilitation and analysis

Documenting processes

Testing

Remediation of gaps

Other (please explain):

 

2. What is the allocation of total internal staff time to SOX work? (if you indicated 100% you are basically saying your staff is working full time on SOX and 0% time on annual audit plan work).

10%
60%
20% 70%
30% 80%
40% 90%
50% 100%
  None

 

3. Are you using a tool for SOX compliance work (please check all that apply)?

Risk Control Tracking System - D&T

Risk Navigator - Paisley

SarBox Portal - Protiviti

Internal Control Workbench - PwC

Virtual Commitment - JeffersonWells

Ecora – audit software

Unipress – Footprints Change Management software

Other, please specify:

 

4. At what stage of the process are you?

Assessment

Documentation

Testing

Remediation

Complete compliance

A combination of the above, please explain:

 

5. Is IA involved in the process of remediation of identified gaps in controls?

Yes No

 

6. What is the process used to identify gaps?

 

7. Have gaps primarily been of a certain type?

No gaps identified

Segregation of duties

Formal review and approvals

Lack of process control related documentation

Other (please explain):

 

8. What is the role of your external auditor in the process?

None until the external audit is performed

Counselor and advisor during the process

Providing repository tools and facilitating throughout the compliance process

Other (please explain):

 

9. Are you co-sourcing the SOX compliance process with a third party?

Yes, please explain primary reason for engaging a third party:

No

 

10. Is your audit committee receiving updates regarding the status of your SOX implementation?

Yes

No

 

11. Have you outlined the processes that need remediation within IT for SOX compliance?

Yes

No

 

12. Will you be outsourcing any of the IT remediation for SOX compliance?

Yes

No

 

13. Have you selected the appropriate tools for SOX controls and Testing of IT processes?

Yes

No

 

13a. If so, what tools have you selected for the SOX controls and Testing?





 

14. What are the three most significant challenges your organization is facing with the SOX implementation process?





 

15. Additional comments about this topic or survey:

 

DEMOGRAPHIC INFORMATION:

Country:


Number of employees:

 

Industry:

 

Annual revenue:

 

Number of employees in internal audit:

 

 

CONTACT INFORMATION:

Name*

Company

Phone Number*

e-mail*


(*REQUIRED)