SOX / ICFR
Controls, deficiencies and management sign-off records.
Maintain COSO control and ICFR deficiency records. Prepare management certification packages and record sign-offs against a saved deficiency snapshot.
What you can do
Maintain control and testing records
Record the COSO component, control details, testing results and remediation information in the control register.
Track deficiency remediation
Record a deficiency and remediation owner, progress it through the available states, and record disclosure references where required.
Prepare certification packages
Generate a quarterly or annual package from a saved deficiency snapshot and record CFO or CEO sign-offs. An effective opinion is refused when that snapshot contains open material weaknesses.
Who uses it
- Internal-control owners
- Finance and assurance reviewers
Things to know
- The workspace records testing and sign-offs; it does not perform an audit or submit filings. Signer roles are declared labels, and independent signers and ladder order depend on the separation-of-duties configuration.