SOX Monitoring

Owned by Kevin Wu
Jun 15, 2023
1 min read

MediationZone has been used to facilitate compliance with Sarbanes-Oxley Act (SOX) with regards to the SOX Control Environment process. DigitalRoute customers have had their IT department as well as other departments use reports and GUIs for operational "SOX-CONTROL ENVIRONMENT PROCESS", including:

  • Configuration and Change Management

  • Separate Development, Test and Production Environments

  • Segregation of duties

  • Identification and Authentication

  • Clearly defined roles & responsibilities ("Access Controller")

  • Audit & Control

    • With the counters and their reconciliation we assure that there are no records lost

    • By monitoring the processing chain we assure that no files get lost, that all are processed

    • The error counters where checked manually on at least a monthly basis by the RA department, in case of abnormalities an explanation was requested

  • Daily Reports

    • Error Correction System statistics (which error codes and the number of occurrences)

  • Automated Checks

    • Number of input files and records in a normal range

    • Percentage of erroneous records in a normal range