Sarbanes – Oxley
The passage of the Sarbanes-Oxley Act of 2002 has raised both the profile and responsibility of internal auditors at privately and publicly held companies. Internal auditors are being asked not only to be more involved in compliance work such as SOX 404, but also to assume a more strategic role – one that is tied to the overall assessment of risk. This transforming role of the internal audit presents a human resource challenge for many organizations.
Our proprietary Sarbanes-Oxley compliance methodology was designed specifically to help our clients reduce the cost of compliance. It encompasses a top-down risk-based approach, which streamlines the compliance effort and is consistent with Audit Standard Number 5 (AS 5) issued by the PCAOB. Our approach help our clients reduce the cost of compliance by ensuring only key controls are documented and tested.
We perform a financial statement risk assessment that includes identifying the specific control objectives associated with the identified risks. Using that risk assessment, we help you prepare your section 404 documentation of the identified processes and control activities that are in scope and identified as key controls. Our approach incorporates low cost qualified SOX testing resources to reduce overall SOX compliance costs. We lead our clients through optimization of critical controls to minimize the level of testing, various stages of documentation, validation, testing, and remediation for compliance efforts associated with Section 404 of the Sarbanes-Oxley Act 0f 2002.
Our Sarbanes-Oxley services include:
- Project management
- Process and controls documentation
- Process validation
- Internal control optimization
- Control testing