GA
Controls Agent
Tests each transaction for duplicates, anomalies, and policy breaches.
$283K1 (modeled outcome) per year in duplicate payments avoided at one design partner
Glossary
SOX controls
Definition
SOX controls are the internal controls over financial reporting that US public companies must design, operate, and test under Sarbanes-Oxley Section 404.
Section 404 requires management to assess, and the external auditor to attest to, the effectiveness of internal control over financial reporting. Controls include entity-level controls, IT general controls, and process controls such as three-way match, journal entry approval, segregation of duties, and account reconciliation review. Each control has an owner, a frequency, and evidence that it operated.
Testing traditionally samples control operation after the fact: pull 25 journal entries, confirm each had an approver different from the preparer. Continuous controls monitoring tests the full population as transactions post and accumulates evidence throughout the period.
Meridian's Controls Agent produces per-control, per-period evidence from its test log, and the Audit Agent packages that evidence for internal and external auditors.
Related terms
Related agents
Agents that use this
Meridian agents whose work depends on sox controls. Each is scoped to one workflow and logs every action.
- 1.Modeled outcomes from design-partner deployments. Results vary by data quality, workflow scope, and approval policy. ↩
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