The rapid growth in number of unicorns going public and many mergers by existing corporates companies. Sarbanes-Oxley compliance mandates are a must for publicly traded companies by various regulators such as the US Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB). But organizations are still struggling to find the balance between controlling costs, managing SOX compliance with ease and confidence, and driving quality for the business.
Our Solutions:
- Implementation
- Diagnostics assessment and improvement of existing controls
- Control testing and Remediation support
- Training and awareness
Implementation:
Companies new to SOX may find that designing and implementing an internal control framework for compliance can be complex and put a strain on the resources of the organization if not properly planned for. Those already complying with SOX may struggle to achieve efficient and effective Internal Control over Financial Reporting (ICFR) testing and results analysis. Implementing controls for nonrecurring or significant transactions, evaluation of existing controls, and responding to significant deficiencies and material weaknesses may also be difficult. SOX compliance is a fundamental yet complex part of an organization’s governance, risk, and controls environment. SOX implementation and management requires frameworks, assessments, and reporting. It depends on people, processes, and technology working together seamlessly.
Our Offerings:
- SOX/ICFR scoping and readiness assessment
- Documentation
- Walkthroughs & Talkthroughs
Diagnostics and Improvement
We assess a SOX-mature organisation’s existing controls framework, identify unmitigated risks, and find solutions to cover these with sufficient controls
Training and awareness
Control Testing and remediation Support Our online and face-to-face training and communication activities help organisations raise their SOX awareness and provide the knowledge essential for SOX compliance
Control Testing and remediation Support
Our experienced team conducts SOX testing procedures (IT and non-IT) to evaluate controls. Our team’s SOX knowledge and experience, and the enhanced competence and objectivity of testing can increase the effectiveness of an organisation’s independent auditor. We also work alongside an organisation to design, select and implement SOX-compliant remediation actions to efficiently and pragmatically mitigate risk and control deficiencies.