European SOX

Solution & Benefits Lifecycle Related Regulations

European SOX Compliance Lifecycle

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

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

The ProcessGene™ European SOX Software Users

The ProcessGene™ European 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. European SOX compliance managers



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