Maintain a centralized repository
LogicManager is able to store the SOX controls, testing components and financial line items directly within the tool. It is also able to house a readiness assessment that can be automated and sent to the CEO and CFO on a quarterly or annual basis, where the officer must attest ‘Yes’ or ‘No’ to each readiness question (covered in the above section). These responses can then be fed into a 302/906 certification report signifying the officer’s attestations, and finally printed and signed by the CEO/CFO. This provides assurance to protect the signer’s personal and corporate liability by enforcing best-practice standards over the report’s preparation process that prevent the risks of inaccuracy, false or misleading statements or has omitted necessary material information.
Stay on top of due dates
Oftentimes, without a tool like LogicManager, the CEO and CFO are emailed these questionnaires to be filled out prior to deadlines. It can be difficult to keep track of this line of communication and additional follow-ups. LogicManager can ensure these questionnaires are sent on a yearly, automated basis with reminder emails being sent until the task is completed.