Gartner Research

Data Analytics Use in SOX Compliance

Published: 06 January 2019

ID: G00413395

Analyst(s): Finance Research Team

Summary

CALs and corporate controllers want to use data analytics to enable SOX compliance and value-added work from their teams responsible for ICFR. This research explores how to build the foundation for using data analytics in your SOX program.

Table Of Contents

Importance of Data Analytics and Visualization in SOX

Opportunities for Using Data Analytics and Visualization in SOX

Current Use of Data Analytics and Visualization Tools

5 Key Principals to Ensure Successful Adoption of Data Analytics in SOX

1. Adopt a Phased Implementation Approach

2. Leverage Existing Analytics and Visualization Tools Already in Use

3. Develop the Necessary Skills to Get the Best Return on Analytics Investments

The Business Challenger

The Programmer

The Data Scientist

4. Assess and Communicate Analytics Impact to SOX Process Owners and New Stakeholders

5. Embed Data Analytics in SOX Processes to Increase the Adoption Rate

Conclusion

About this Research

Endnotes

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