Trinity Industries first year SOX compliance was a success. Trinity had seen their company as having material weakness in the area of documentations and evidence that controls had been performed. The method that Trinity applied to pass the SOX regulation are: o Centralize financial accounting for the 22 BUs by using Oracle. o Develop the ASC, which centralized billing, payroll, and AP. o Applied the bottom-up approach in finding where the control gaps. o Using flowcharts, matrices for controls, and gap analysis.
Trinity attitude was to get the job done which caused them to over test their controls. Trinity took all precautions in testing every control which they thought could cause material weakness. Since the first year compliance is behind
Trinity attitude was to get the job done which caused them to over test their controls. Trinity took all precautions in testing every control which they thought could cause material weakness. Since the first year compliance is behind