SOX quiz

When was the Sarbanes-Oxley Act (SOX) published?

• 2000

• 2005

• 2002

• 2003

What will happen when company does not provide SOX act?

• 1 million $ fine and 10 years sentence

• 1 million $ fine

• 5 million $ fine and 20 years sentence

• no penalty

What is the first step in SOX cycle in PMI?

• Walkthrough

• Scoping

• Interim Testing

• True-up

Where the IT control are described?

• in CoC

• in CoSysC

• in ICFR

• in Connect

Who is accountable for control executing and should be invited to the walkthrough meeting?

• Control Owner

• Service Manager

• Control Performer

• Control Reviewer

When the walkthrough phase should be ended?

• the end of May

• the end of June

• the end of August

• the end of October

What step in SOX cycle is started after finished WT?

• Year-end testing

• True-up

• Interim Testing

• Confirmation procedure

What does it mean: automated control method?

• controls operated by IT systems without requiring manual intervention, like system or program configuration

• controls operated by individuals without assistance of applications or other technoglogy systems

• control is operated by individuals with the support of the system

• control performed automatically in SOFY

How do we classify standard controls depending on criticality?

• Minor, High, Major

• Light risk, Medium risk, Make or Break

• Low risk, Medium risk, Make or Break

• Key, Major, Make or Break

When the system is 50% critical how do we classify it?

• ECS

• BCS

• NCS

• PE