CSOX

Solution & Benefits Lifecycle Related Regulations

CSOX Compliance Lifecycle

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

Lifecycle step CSOX activity
CSOX context establishment
  1. Definition of CSOX compliance related business processes
  2. Delineation of process diagrams (optional)
  3. Definition of assets within the CSOX scope
  4. Standardization and documentation of CSOX 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 CSOX risks
  2. Assignment of CSOX control owners
  3. Scheduling and monitoring CSOX control execution
  4. Assessment of residual risk levels
Requirement management
  1. Requirement definition
  2. Automated requirement workflow management
  3. Requirement fulfillment monitoring
CSOX audit and remediation
  1. Definition and scheduling of CSOX audit plans
  2. Definition of mechanisms for testing ongoing CSOX compliance
  3. Collection, analysis and storage of CSOX audit results
  4. Remediation plan definition, execution and follow-up
CSOX related incident management
  1. Incident recording
  2. CSOX related incident handling (using scheduled workflows)
  3. CSOX related incident analysis and reporting
  4. Incident monitoring and follow-up
CSOX certification
  1. Hierarchal CSOX certification process determination
  2. Establishment of an automated CSOX certification process
  3. Monitoring and reporting CSOX certification status
  4. Archiving CSOX certification history
Multi-Org management
  1. Determination of a global CSOX 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 CSOX compliance level both locally (per subsidiary) and globally from a central HQ cockpit

The ProcessGene™ CSOX Software Users

The ProcessGene™ CSOX 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. CSOX compliance managers



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