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WorksheetsSOX quiz
Total questions: 21
Worksheet time: 16mins
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
Where we can find in SOFY system criticality?
Access Rights Cockpit -> Tasks execution
Master Data Reporting -> Solution Repository
Task reporting -> Control Execution Insights
CCM Administration Reporting -> Ruleset
How to divide testing population samples for occurrence - based controls?
January-August (%) / September (%)
90% / 10%
80% / 20%
50% / 50%
10% / 90%
When confirmation procedures are sent to the Control Owners?
December
October
June
April
The platform to contact with PwC is...?
SharePoint
Open Pages
Connect
SOFY
What is the official document prepared by R&C to store evidence of control testing?
Test evidence
CRT
WT documentation
Workpaper
How mamy control samples should be tested when control is MoB and Monthly?
15
5
20
60
Where we can find in SOFY executed control evidences?
Access Rights Cockpit
Tasking Reporting
Master Data Reporting
Management Cockpit
What should we do when issue is identified?
Impose a penalty on the Control Owner
Prepare remediation plan and retest
Nothing
Mark control as PASSED
How do we call workpapers for controls which PwC relay on?
Smart
Reliance
Support
Interim
How do we call process over occurrence-based controls when we check controls which has not met maximum sample size?
Back-up
Re-performance
True-up
Year-end
What do you think about SOX presentation?
Amazing!
Wonderful!
Good job!
All answers are correct :)
