Patent ID: 7505933

Claim:
A system for accelerating a Sarbanes-Oxley (SOX) compliance process for management of a company, wherein the system comprises: a. a computer processor to perform the steps of: (i) defining scope components needed for Sarbanes-Oxley (SOX) compliance; (ii) establishing dynamic internal controls for achieving Sarbanes-Oxley (SOX) compliance for the scope components and operating the internal controls using a dynamic internal controls library comprising parameters, (iii) 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; (iv) 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; (v) 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; (vi) 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 (vii) 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; b. an executive dashboard in communication with the processor for displaying real time internal controls in operation, or displaying real time internal controls testing, or displaying real time remediation of internal controls, or displaying combinations thereof as monitored by the processor.