| 301 |
Review of system to handle complaints |
| 302 |
Assure there is a copy of all copies, emails, voice mails in
the Certification of Disclosure in Companies' Quarterly and Annual Reports |
| 401 |
Assure there is a copy of all copies,
emails, voice mails in the Disclosures in Periodic Reports, including Off
Balance Sheet Transactions and Pro Formas |
| 404 |
Assure there Is a tool that will allow easy
documentation of the processes and allow the auditor to verify they are being
followed. Ensure control activity and risk information and data retrieval needs
to be captured, as well as testing procedures and audit trails. Ensure there is
a process that allows monitoring and reporting of all processes? |
| 409 |
Ensure a system is in place that allows the
"real-time" reporting to the SEC, events - or a series of events with a
cumulative effect that have a substantial effect of the financial projections of
the company. |
| 802 |
Ensure financial processing audit trail
meet seven year preservation requirement. |
| 806 |
Assure that there is a system in place to
allow employees to report complaints and maintain their anonymity
(whistleblower) |
| General |
Ensure that there are data mining tools that will allow auditors
to detect evidence of Fraud. Ensure that questions critical to ascertaining the
validity and reliability of the financial reporting process are answered-and
remedied, if necessary. Such questions include: How long does it take accounting
to close the books? How many accounting systems are there? What are the
interfaces? What technology is being used for forecasting, financial modeling?
Is there an adequate tie in to the ERP system? |
| Visage can also assist in Procedure
Documentation and Mapping Critical IT Processes |
