The Sarbanes-Oxley Process Walkthrough Questionnaire is designed to guide businesses in their compliance with the Sarbanes-Oxley Act (SOX) requirements. It provides detailed instructions and checklists for conducting process walkthroughs, which are key in evaluating the effectiveness of internal controls over financial reporting. It also offers templates for documenting these walkthroughs, ensuring that all crucial information is recorded systematically. This document serves as an invaluable resource not only for SOX compliance activities, but also for other matters related to the assessment of internal controls within a business unit. Its usage will ensure a thorough understanding of transaction flows, risk identification, control design and operation, ultimately aiding organizations in bolstering their financial processes against potential missteps or misstatements.

This tool includes two templates that provide guidance on several matters associated with planning and conducting walkthroughs and evaluating their results. These templates can also be used to document the results of walkthroughs. 

Sample questions include: 

• Are all key process elements appropriately described? 
• Are process elements in a logical order and do they represent the actual sequence of the transaction flow? 
• Is it clear what happens to rejected transactions at each point in the process flow?