SOX.2.0.24:

8. Risk: Insufficient control over authorization, authentication, nonrepudiation, data classification and security monitoring may result in inaccurate financial reporting.

a. SOX.2.0.24 Where appropriate, controls exist so that neither party can deny transactions, and controls are implemented to provide nonrepudiation of origin or receipt, proof of submission, and receipt of transactions.

Testing Procedures

1. Determine how the organization establishes accountability for transaction initiation and approval.

2. Test the use of accountability controls by observing a user attempting to enter an unauthorized transaction.

3. Obtain a sample of transactions, and identify evidence of the accountability or origination of each.

Testing Frequency

Annually

Evidence Archive Location

Insert hyperlink or location of evidence archive.

Control Stewards Process Narrative

Provide control steward commentary indicating the formal methodology in place.

Control Steward – Jane Manager

Process Illustration

Replace this test by inserting a process diagram, flowchart or other visual representation to illustrate the process narrative as necessary. Include a brief description of the process illustration.

Control Status and Auditors Commentary

The control is effective.

File:Greenlock.jpg

Status is acceptable.

Control Exception Commentary

Status is acceptable.

Remediation Plan

Remediation is not required at this time.