Pentana is a complete controls management software application with the tools you need to define and continuously monitor a comprehensive system of internal controls to meet the requirements of Sarbanes-Oxley and covers both SOX 404 for management assessment of internal controls and SOX 302 for disclosure of all material information in financial reports. Any risk-based compliance management programme that requires the identification, modelling, testing and certification of controls can be easily and flexibly implemented using Pentana.
Capture and model internal controls and establish the correct scope for SOX reporting including all relevant processes, risks, controls and tests. Create a reporting framework that includes all relevant entities, accounts, processes and disclosures for monitoring and testing.
Pentana offers a risk-based approach for managing internal controls. Controls are risk-assessed to help you think about and decide the frequency, nature and extent of testing. As a risk-based internal audit solution, Pentana provides a rich toolkit for testing controls and reporting findings and results.
Findings and actions for owners of controls and risks can be managed to closure with Pentana’s user friendly, browser based tasking and action management features. SOX auditors have visibility and control of the automated workflows to ensure that vulnerabilities are addressed correctly and quickly.
The Pentana SOX solution provides continuous monitoring of internal controls so that the status of SOX compliance and enterprise risk can be reported to senior management in real time.
Standard and custom SOX compliance reports provide complete views of risk status, internal control effectiveness, KPI’s and KRI’s and trending.
The Pentana user interface offers several SOX-specific features that, for example, allow users to retrieve controls from a library and link multiple risks to a single control (multiple risk impacts).