Automating Compliance, Part II: A Working Example

Second part of Compliance automation with SOX, COSO and SCF

This article is the second part of Automating compliance with AI, SOX and COSO: Part I.

We already introduced intercompany reconciliation:

Intercompany reconciliation is one of the highest-risk areas in corporate accounting, and a standing focus of SOX 404 audits.
A parent company with subsidiaries — say a US parent, a manufacturing arm in Ireland and a d…