Patent ID: 7447650

Claim:
A method for accelerating a Sarbanes-Oxley (SOX) compliance process for management of a company, wherein the method comprises: a. Using a computer processor to perform steps of: (i). defining scope components needed for Sarbanes-Oxley (SOX) compliance; (ii). establishing internal controls for achieving Sarbanes-Oxley (SOX) compliance for the scope components and operating the internal controls using dynamic internal controls library comprising parameters; (iii). planning and testing the internal controls for achieving Sarbanes-Oxley (SOX) compliance for the scope components and evaluating the internal controls for achieving Sarbanes-Oxley (SOX) compliance using the parameters of the dynamic internal controls library; (iv). remediating the internal controls for achieving Sarbanes-Oxley (SOX) compliance that are outside of the parameters of the internal controls library to maintain effective internal controls; (v). monitoring the internal controls and the remediating of the internal controls on a real time basis for achieving Sarbanes-Oxley (SOX) compliance, wherein the step of monitoring the internal controls and the remediating of the internal controls comprises providing an executive dashboard on a real time basis for achieving Sarbanes-Oxley (SOX) compliance; and (vi). certifying the company by preparing certifications, assertions, and reports relative to the achieved Sarbanes-Oxley (SOX) compliance using the monitored internal controls and remediated internal controls.