Audit Report 2020 Conclusion & Deficiencies Analysis
Explore the findings from the SOX Audit 2020 report, including an overview of project processes, deficiency severity, and instances of violations in business processes. Understand the impact on procurement and general controls, with insights on related party transactions and SLA discrepancies. Take a closer look at identified deficiencies, their owners, and remediation deadlines to ensure compliance and operational efficiency.
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Presentation Transcript
SOX Audit 2020 Report Conclusion/Rating Project Processes Start Date Project Target Completion July 1, 2019 June 30, 2020 1 | PRIVATE & CONFIDENTIAL| Not Approved for Distribution Without Prior Approval SOX Audit 2020 Report | Generated on February 11, 2020
Results Overall Assurance 54% Conclusion/Rating Deficiency by Owner Deficiency by Severity 2 | PRIVATE & CONFIDENTIAL| Not Approved for Distribution Without Prior Approval SOX Audit 2020 Report | Generated on February 11, 2020
Deficiency Severity by Owner 3 | PRIVATE & CONFIDENTIAL| Not Approved for Distribution Without Prior Approval SOX Audit 2020 Report | Generated on February 11, 2020
9 instances of MCC Code violations found Business Processes: Procurement Owner: Owner: greg.wilder@gmail.com Executive Owner: Deficiency Information Severity Medium Remediation Deadline February 20, 2020 Overall Status Open Date Identified Escalation Level Remediation Status Opened January 22, 2020 4 | PRIVATE & CONFIDENTIAL| Not Approved for Distribution Without Prior Approval SOX Audit 2020 Report | Generated on February 11, 2020
SLA Missing in Two Third Party Contracts Business Processes: Information Technology General Controls Owner: Owner: joanne.ou@gmail.com Executive Owner: Deficiency Information Severity Medium Remediation Deadline March 31, 2020 Overall Status Open Date Identified Escalation Level Remediation Status January 22, 2020 5 | PRIVATE & CONFIDENTIAL| Not Approved for Distribution Without Prior Approval SOX Audit 2020 Report | Generated on February 11, 2020
2 related party transactions found Business Processes: Procurement Owner: Owner: greg.wildon@gmail.com Executive Owner: Deficiency Information Severity Medium Remediation Deadline February 28, 2020 Overall Status Open Date Identified Escalation Level Remediation Status Opened January 22, 2020 6 | PRIVATE & CONFIDENTIAL| Not Approved for Distribution Without Prior Approval SOX Audit 2020 Report | Generated on February 11, 2020
