Under SOX, management must come to its own conclusion about control effectiveness. Separately, our independent external auditor -- Deloitte -- must also test and opine on the effectiveness of the ...

Control testing has typically been run out of a bank s internal audit group, the Sarbanes-Oxley compliance team, a centralized control testing unit, or all of the above. Rarely has it been coordinated ...

The backlash against SOX 404’s high documentation, testing and audit costs probably ... guidelines call for companies to develop internal controls based on risk management considerations ...

By streamlining tasks such as risk assessment, control testing, and reporting, gen AI has the potential to increase efficiency across the entire SOX lifecycle, accelerating improvements that might ...

and the internal control testing has become more cost-effective over time," according to Srinivasan. The research does not support the fear that SOX would reduce levels of risk-taking and ...

The number of professionals who use a SOX-specific tool has more than doubled since last year. Even though legacy, desktop software is the primary technology tool for 75% of respondents, one-third ...