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SOX Activity Flowchart

The document outlines the process for SOX activity and charting offshore possibilities. It details steps such as preparing process maps and narratives, identifying risks and controls, testing designs and operations, and updating results in SOX toolkits or Excel sheets.

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100% found this document useful (2 votes)

821 views

SOX Activity Flowchart

Uploaded by

narasi64

Available Formats

Download as DOC, PDF, TXT or read online on Scribd

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SOX ACTIVITY

CHART
(OFFSHORE
POSSIBILITY)

Process Owners prepare the list of activities

in each sub process

Preparation of Process Map

Narratives are prepared on basis of the

Process Maps

Acceptance by
Process
Owners

Yes

Vetting by Consultants for

Process Maps and Narratives

Acceptance by
Consultants/
Project Managers

Yes

Identification of Risks and Controls

Preparation of Risk Control Matrix

Accepted by
Consultant/PMO

Yes

Walkthrough and testing of Design

Updating of results in SOX toolkits/

Excel Sheets

Acceptance by
Management on the
results for Design
Testing

Yes

Testing of Operations from samples

Testing results updated in SOX toolkit/ Excel Sheets

Preparation of Gap Report

Remediation Plan obtained from Process Owners

and Updating Gap Report with Remediation in
SOX toolkit

Reports /Toolkit handed over to Statutory

Auditors for Certification

Partly Offshore

Offshore Possibility

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SOX Activity Flowchart

Uploaded by

SOX Activity Flowchart

Uploaded by

SOX ACTIVITY

Process Owners prepare the list of activities

Preparation of Process Map

Narratives are prepared on basis of the

Vetting by Consultants for

Identification of Risks and Controls

Preparation of Risk Control Matrix

Walkthrough and testing of Design

Updating of results in SOX toolkits/

Testing of Operations from samples

Testing results updated in SOX toolkit/ Excel Sheets

Preparation of Gap Report

Remediation Plan obtained from Process Owners

Reports /Toolkit handed over to Statutory

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