Answer This!   Pre-Audit Questions
More questions
In May of 2003, CIO Magazine published 48 questions that Cap Gemini Ernst & Young said its auditors will ask CIOs in order to measure their companies' compliance with the Sarbanes-Oxley Act. Below are just a few of the questions from the list, which still seems quite relevant. Will you be ready to answer them?

Read all the questions

  5. Do the reporting systems trace back to
      the general ledgers?

  8. Are tax reporting systems integrated with
      the company's consolidation system?

  9. Are consolidation and reporting activities performed
      on spreadsheets?

14. Are reporting activities performed on spreadsheets?

15. How often is control documentation updated for new
      changes to the internal controls (
      transactional and financial statement)?

36. Are documents backed up periodically
      to ensure significant reports and information
      are maintained?

37. Does the company have a retention policy
      for electronic information?

43. How many different systems are involved in
      the financial statement development process?

SOX-online's Section 404
Preparation Checklist