We use Sarbanes Oxley Advisory Services (SOAS) within our compliance consulting service to audit an organization’s existing SOX 404 compliance program. Our findings can help your organization with the implementation and regulatory maintenance of your compliance programs.
How It Benefits Your Team
Our compliance consulting services can help you:
Be Cost-Effective
Our SOAS services prepare you for an initial compliance program you can use throughout the company. We also help you meet mandatory compliance requirements suited to your individual organization’s specific needs, creating a cost-effective approach to SOX 404 compliance.
Furthermore, we identify and implement year-over-year improvements to the SOX 404 compliance program, keeping up with changing compliance requirements. This ongoing maintenance can improve cost-effectiveness for your business. It usually includes identifying compliance errors and coming up with solutions to those errors.
Improve Risk Management
Using our global SOAS methodology, our risk and compliance consulting experience helps us create clearer links between compliance risks and executive management decisions that impact how those risks are managed for a company’s ICFR (internal controls over financial reporting).
Reduce Documentation and Testing Hours
By developing a more focused testing strategy that accounts for the impact of new or existing direct controls, our consulting firm can help you reduce documentation and testing hours for your team. We also monitor entity-level and process-level internal controls that directly relate to identified financial reporting risks at the assertion level.
What You Can Expect from Our Compliance Consulting Services
We tailor our SOAS to individual client compliance needs through Readiness Assessments, Documentation and Testing Assistance, and Sustainability Assessments.
Readiness Assessments
Our Readiness Assessments evaluate an organization’s level of preparedness for implementing a SOX 404 compliance program, identifying any compliance issues or areas of deficiency and providing suggestions to clients for successfully implementing compliance solutions.
Documentation and Testing Assistance
Our Documentation and Testing Assistance service is specifically designed to aid executive management in verifying the organization’s SOX 404 compliance requirements.
Sustainability Assistance
Our Sustainability Assistance service aims to assist clientsyyy in assessing and enhancing their initial SOX 404 compliance endeavors.
For each of our compliance consulting services listed above, we utilize a risk-based approach in identifying its ICFR – whether it has already been established or is in need of a recommendation. Understanding the ICFR in our internal audit helps us address the organization’s key financial reporting risks and how to support the implementation and compliance management of its chosen framework.