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SOX Compliance Management

Sarbanes-Oxley (SOX) Compliance Management is a board-level priority for publicly traded companies across all industries. To comply with SOX mandates, companies will establish an internal controls framework, guided by The Committee of Sponsoring Organizations of the Treadway Commission (COSO) and their external auditors, all in an effort to evidence effective Internal Control over Financial Reporting (ICFR). If unmanaged, spreadsheet-heavy processes can present significant risk and cost to SOX compliance efforts.

Companies need to deploy policies, procedures and supporting technology to effectively manage and control the End User Computing Applications (EUCAs) that are critical to the SOX-related financial reporting processes. Current information suggests that policy-based or point-specific solutions are ineffective in helping to mitigate the array of risks posed by EUCAs. A better alternative is to design, configure and deploy a holistic enterprise-level technology solution that effectively combines elements that address the demands of corporate governance, ease of use and process automation. Companies that have implemented the Apparity EUCA Management Solution found that such an approach reduced residual risk and enhanced bottom line benefits.

Prevention or Remediation of a Material Weakness or Significant Deficiency

When an organization deploys the Apparity solution to prevent or assist in the remediation of a significant deficiency or a material weakness associated with EUCAs, the Apparity platform provides companies with the critical tools needed to ensure the problem is appropriately addressed, and the likelihood of future audit findings are significantly reduced. The Apparity solution will provide a company with the ability to:

• Define and identify EUCAs that present a SOX-related risk to the organization
• Maintain and evidence an accurate and up-to-date inventory of all discovered, registered and managed EUCAs
• Ensure that the EUCAs are inventoried, registered and managed as per the agreed EUCA Policies and Procedures
• Identify and persist EUCA ownership, roles and responsibilities
• Monitor and report on all EUCA activity
• Implement EUCA Controls
• Version Control
• EUCA Tracking (Fingerprinting)
• Change Control
• Data Integrity Control
• AD/ IWA Integrated Access Control
• Availability Control

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