SOX.1.23:

2. Risk: Third party service providers are not qualified, and are incapable of delivering required services.

a. SOX.1.23 A designated individual is responsible for regular monitoring and reporting on the achievement of the third-party service-level performance criteria.

Testing Procedures

1. Obtain the criteria and business case used for selection of third-party service providers.

2. Assess whether these criteria include a consideration of the third party’s financial stability, skill and knowledge of the systems under management, and controls over security, availability and processing integrity.

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.