Currently, the team is working on developing an integrated control framework to increase the
efficiency of monitoring and help internal audit issue financial statements. With regard to Sarbanes Oxley, Bendermacher and his function are involved with the testing of operational effectiveness. “Last
year, [which was] our first year working on this, we spent approximately 45 percent of our total hours
on Sarbanes-Oxley testing,” he says. “This year, we spent about 15 percent to 40 percent of our time.”