Reporting - Finalize Compliance

Print out and assemble documentation. The next step is to collect the information entered into the Excel Workbooks and the Word documents to produce a report of compliance activities. Prior to assembling the data, you should review the testing, remediation and the Final Checklist worksheets to ensure that the documentation is complete.

Completing the Project. Once you are satisfied that your compliance effort is complete, you will print and assemble the documentation. It is now your auditor’s turn to attest to your assertion. In order to do that, they will need to review your documentation and perform their own testing. If all goes well, you will insert the ‘report disclosure’ language into your annual report and your auditor’s will issue an audit opinion to indicate that they attest to your assertion. You are then ready to start the next year’s compliance effort.

Conclusion - Prepare for Next Year's Compliance

Prepare for the Next Year. Since compliance is not a one-time effort, you will need to save the key information and documentation for next year. To do this you will copy the customized templates into a new directory for the next compliance year. Each year you should review the data updating it for chages that have occured. Once you have updated the data, you can then move on to the testing phase, saving you considerable time and effort.

We hope you have found this demonstration helpful. If you have any further questions about how our Compliance Tool can help you save time, please contact us at info@procognis.com and we will be happy to help.