SOX Live Testing Reminders

Based on Republic Cement’s good results for the past 3 years, we were selected to be part of this project.

What is this project of the Group called?

• Limited SOX Testing

• Rollforward Testing

• Audit Testing

• Live Testing

As the result of Group's assessment, only ___ out of ___ (77%) of the key controls will be tested.

• 54; 70

• 55; 68

• 53; 69

• 53; 70

Limited SOX Testing applies to both CRH Group IA Testing and SGV Testing.

• True

• False

In Limited SOX Testing, if a control passes during live testing, Group IA it will not be tested again during rollforward.

• True

• False

During rollforward testing, controls tested by SGV during the Live Testing will not be tested anymore.

• True

• False

Which of the following is not considered an effect of the Limited SOX Testing project?

• ↓ number of controls to be tested by Group IA

• ↓ SGV reliance testing

• ↑ SGV independent testing

• ↓ expectations in the quality of control evidence

• None of the above.

Which of the following are considered to be an attribute of a quality control evidence

• Shows how the control was performed, checks accuracy and completeness.

• Timely prepared.

• Traceable to underlying/support documents.

• All of the above.

• None of the above.

Type of testing where it will cover all controls that were not tested during the Live Testing and were performed within September to December 2019.

• Limited SOX Testing

• Rollforward Testing

• Audit Testing

On rollforward testing, all the controls that have passed during the live testing

• Will not be tested anymore by the Group IA during rollforward.

• SGV will perform top up testing for all controls for period covering Sep – Dec 2019; ranges between 1-10 samples.

• Both statements are true.

• Both statements are false.

For SGV SOX testing, both independent and reliance testing will be performed.

• True

• False