SOX.2.0.17:

1. Risk: Insufficient control over transaction authorization may result in inaccurate financial reporting.

a. SOX.2.0.17 An information security policy exists and has been approved by an appropriate level of executive management.

Testing Procedures

Obtain a copy of the organization’s security policy and evaluate the effectiveness. Points to be taken into consideration include:

1. Is there an overall statement of the importance of security to the organization?

2. Have specific policy objectives been defined?

3. Have employee and contractor security responsibilities been addressed?

4. Has the policy been approved by an appropriate level of senior management to demonstrate management’s commitment to security?

5. Is there a process to communicate the policy to all levels of management and employees?

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.