SOX.2.7.9:: Difference between revisions
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::'''4. Risk: | ::'''4. Risk: Lost data could significantly impact financial reporting.''' | ||
:::a. [[SOX.2.7.9:|'''SOX.2.7.9''']] Policies and procedures exist for the distribution and retention of data and reporting output. | :::a. [[SOX.2.7.9:|'''SOX.2.7.9''']] Policies and procedures exist for the distribution and retention of data and reporting output. | ||
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1. Review the policies and procedures for the distribution and retention of data and reporting output. Determine whether the policies and procedures are adequate for the protection of data and the timely distribution of the correct financial reports (including electronic reports) to appropriate personnel. | |||
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2. Obtain and test evidence that the controls over the protection of data and the timely distribution of financial reports (including electronic reports) to appropriate personnel are operating effectively. | |||
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'''Testing Frequency''' | '''Testing Frequency''' | ||
Latest revision as of 19:39, 25 June 2006
- 4. Risk: Lost data could significantly impact financial reporting.
- a. SOX.2.7.9 Policies and procedures exist for the distribution and retention of data and reporting output.
Testing Procedures
1. Review the policies and procedures for the distribution and retention of data and reporting output. Determine whether the policies and procedures are adequate for the protection of data and the timely distribution of the correct financial reports (including electronic reports) to appropriate personnel.
2. Obtain and test evidence that the controls over the protection of data and the timely distribution of financial reports (including electronic reports) to appropriate personnel are operating effectively.
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.