As a company looks at its Section 404 compliance process and attempts to identify ways to improve its efficiency and sustainability, one of the primary considerations should be implementing a process-based self-assessment program. In addition to delivering measurable cost-savings, a properly designed self-assessment program can create a more control-conscious culture. A sound self-assessment process will drive process owner accountability, produce reliable and relevant results, and facilitate timely remediation of deficiencies.

This tool contains questions and best practices to consider when implementing and/or evaluating an organization’s process-based self-assessment program.