The Sox Compliance JOurney at Trinity Industries (Accounting information Systems)

Description

Please read article and answer the following questions regarding the case. Case 2: The SOX compliance journey at Trinity Industries.: The following questions should be answered in your paper: 1. What is the primary issue in the case? What is the author(s) trying to resolve? 2. Doug Collum described Trinity as a likely candidate for a material weakness in the first year of SOX compliance. What were the factors critical to Trinity’s ultimate success in its first year of compliance? a. How would you describe the organization’s operational infrastructure b. How would you describe Trinity’s IT environment c. What were the chief insights from the pilot projects 3. In the design of their controls, Trinity moved from a practice-based, bottom up approach in year 1 to a risk management approach in year 2. Was this trajectory effective? How might they have proceeded effectively in year 1 in particular? a. What are the strengths and weaknesses of a bottom-up approach to compliance? b. What are the strengths and weaknesses to a top-down, risk management approach to compliance? c. Which of these approaches is more appropriate in completing a compliance project successfully for the first time?