Preparation of Process Map

Narratives are prepared on basis of the Process Maps

Process Owners prepare the list of activities in each sub process

Acceptance by Process Owners

No

Yes

Vetting by Consultants for Process Maps and Narratives

Acceptance by Consultants/

Project ManagersNo

Yes

A

SOX ACTIVITY CHART (OFFSHORE POSSIBILITY)

A

Identification of Risks and Controls

Preparation of Risk Control Matrix

Accepted by Consultant/PMO No

Walkthrough and testing of Design

Updating of results in SOX toolkits/ Excel Sheets

Acceptance by Management on the results for Design Testing

Yes

B

Yes

No

B

Testing of Operations from samples

Testing results updated in SOX toolkit/ Excel Sheets

Preparation of Gap Report

Remediation Plan obtained from Process Owners and Updating Gap Report with Remediation in

SOX toolkit

Reports /Toolkit handed over to Statutory Auditors for Certification

Partly Offshore

Offshore Possibility