Unlock a new level of governance assurance with this powerful resource designed to help you proactively assess and reinforce internal controls while meeting Sarbanes-Oxley Act (SOX) requirements. This tool provides a clear pathway for auditors to evaluate entity-level controls that shape financial reporting and regulatory compliance, driving a culture of integrity and accountability.

This audit tool includes two detailed samples that serve as practical applications of the overarching principles of entity-level controls. Sample 1 focuses on various control activities and inspection tests, guiding you through the evaluation of critical areas such as the control environment, risk assessment and information communication. Sample 2 delves deeper into the specifics of anti-fraud programs and controls, highlighting the importance of fraud risk assessments and the implementation of effective measures to mitigate these risks. Together, these samples provide valuable insights and methodologies for auditors seeking to enhance their organization's internal control framework.

Audit steps include:

• Obtain the Code of Conduct.
• Review organization charts for Accounting personnel.
• Review reported incidents of conflict-of-interest situations and how they were resolved.
• Discuss results with the PMO, steering committee and internal auditor.