I-SOX

Solution & Benefits Lifecycle Related Regulations

I-SOX Compliance Lifecycle

The I-SOX compliance lifecycle includes the following steps, all automatically enacted by the ProcessGene™ GRC Software Suite:

Lifecycle step I-SOX activity
I-SOX context establishment
  1. Definition of I-SOX compliance related business processes
  2. Delineation of process diagrams (optional)
  3. Definition of assets within the I-SOX scope
  4. Standardization and documentation of I-SOX regulations, policies and procedures
Risk identification
  1. Risk description, identification of risk stakeholders
  2. Risk classification and determination of heat-maps
  3. Risk assessment and measurement
  4. Determination of Key Risk Indicators (KRIs)
  5. Risk tolerance determination
Control determination
  1. Definition of controls to mitigate identified I-SOX risks
  2. Assignment of I-SOX control owners
  3. Scheduling and monitoring I-SOX control execution
  4. Assessment of residual risk levels
I-SOX audit and remediation
  1. Definition and scheduling of I-SOX audit plans
  2. Definition of mechanisms for testing ongoing I-SOX compliance
  3. Collection, analysis and storage of I-SOX audit results
  4. Remediation plan definition, execution and follow-up
I-SOX related incident management
  1. Incident recording
  2. I-SOX related incident handling (using scheduled workflows)
  3. I-SOX related incident analysis and reporting
  4. Incident monitoring and follow-up
I-SOX certification
  1. Hierarchal I-SOX certification process determination
  2. Establishment of an automated I-SOX certification process
  3. Monitoring and reporting I-SOX certification status
  4. Archiving I-SOX certification history
Multi-Org management
  1. Determination of a global I-SOX compliance baseline with mandatory components
  2. Establishing a workflow for examining local (subsidiary) variants
  3. Enforcement of enterprise guidelines, regulations and frameworks within subsidiaries
  4. Control I-SOX compliance level both locally (per subsidiary) and globally from a central HQ cockpit

The ProcessGene™ I-SOX Software Users

The ProcessGene™ I-SOX compliance software provides value to the following users:
  1. C-level management (CEO, CFO, CIO, CRO, COO)
  2. Board of directors
  3. Compliance officers
  4. Internal auditors
  5. I-SOX compliance managers



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