SOX.2.7.11:

3. Risk: Lost data could significantly impact financial reporting.

a. SOX.2.7.11 Retention periods and storage terms are defined for documents, data, programs, reports and messages (incoming and outgoing), as well as the data (keys, certificates) used for their encryption and authentication.

Testing Procedures

1. Obtain the procedures dealing with distribution and retention of data.

2. Confirm that the procedures define the retention periods and storage terms for documents, data, programs, reports and messages (incoming and outgoing), as well as the data (keys, certificates) used for their encryption and authentication.

3. Confirm that the retention periods are in conformity with the Sarbanes-Oxley Act.

4. Confirm that the retention periods of previously archived material are in conformity with the Sarbanes-Oxley Act.

5. Select a sample of archived material and test evidence that archived material is being archived in conformance with the requirements of the Sarbanes-Oxley Act.

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.