SOX.2.0.5:

1. Risk: Third party processors create unacceptable control risks to the Company.

a. SOX.2.0.5:Selection of Vendors for outsourced services is performed in accordance with the organization's vendor management policy.

Testing Procedures

1. Obtain the organization’s vendor management policy and discuss with those responsible for third-party service management if they follow such standards.

2. Obtain and test evidence that the selection of vendors for outsourced services is performed in accordance with the organization’s vendor management policy.

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.