Kualitee for Banking

Kualitee supports SOX compliance workflows for publicly-traded companies, providing audit trails, role-based access control, segregation of duties, and evidence documentation aligned with SOX Section 404 requirements. Banking and financial services QA teams use Kualitee to document IT General Controls (ITGCs) testing, change management approvals, and access review evidence during annual SOX audits.

SOX compliance software helps publicly-traded companies document and test the internal controls required under the Sarbanes-Oxley Act, particularly Section 404 (internal controls over financial reporting) and Section 302 (management certification). SOX-oriented test management tools provide audit trails, controls testing workflows, evidence storage, and access reviews. The market is driven by SOX audit costs averaging over $1 million annually for mid-market issuers.

SOX Section 302 requires CEO and CFO certification of financial statement accuracy each quarter. SOX Section 404 requires management to assess and document internal controls over financial reporting (ICFR) annually, and external auditors to attest to those controls. Section 404 drives most SOX testing work: IT General Controls, application controls, and change management evidence must be documented and tested for effectiveness.

IT General Controls (ITGCs) are the four control categories that support financial reporting systems under SOX: (1) access controls - who can access systems and data, (2) change management - how software changes are authorized and tested, (3) computer operations - backup, monitoring, incident response, and (4) system development - how new systems are designed and deployed. QA teams primarily support change management ITGCs.

Kualitee centralizes SOX evidence: every test execution generates a timestamped record showing who ran the test, when, against which requirement, and the outcome. Auditors can pull evidence directly from Kualitee reports rather than requesting screenshots and spreadsheets from QA teams. This cuts audit preparation time by 30-50% for mid-market issuers, based on typical customer feedback, while reducing audit findings related to control documentation gaps.

Kualitee exports SOX-ready evidence reports in standard formats (PDF, CSV, XLSX) that upload directly into GRC platforms, including AuditBoard, Workiva, and MetricStream. Kualitee focuses on the QA testing layer of SOX compliance - test execution, defect tracking, and requirements traceability - while GRC platforms manage the broader compliance program. Direct API integration is available on request for enterprise plans.