Financial Controls and Internal Audit

Sarbanes-Oxley (SOX) Compliance

Since 2004 when SOX 404 was first mandated, we have successfully helped clients with SOX compliance or SOX readiness. Having been independent auditors for the “Big 4” accounting firms, we have the advantage of understanding and speaking audit jargon and can work closely with your external auditors to ensure successful and timely completion of your project. We offer the following services:

Internal Audit

With our background in public accounting and internal audit, we bring invaluable experience to the evaluation of internal controls. We follow our PECIR^TM methodology to effectively identify and analyze findings.

When SOX was first mandated, we fully managed and implemented our first SOX project for a software client. We estimated the effort/hours needed, built a project plan based on their deadline, executed the plan and completed the project all on time and on budget. And the client was SOX compliant. Being on time and on budget was rare back then; it's still rare now.

In another instance, we had a client who decided to implement SOX that first year using only in-house resources. These were smart people, but they received a material weakness that year because they stretched their resources too far. In 2005, they hired us to completely manage SOX for them, including planning, scoping, documentation, testing, and evaluation. After hiring us, they successfully passed SOX.

We successfully co-sourced with the internal audit department of a billion-dollar plus company as it conducted operational reviews of various business units. We provided the deep financial accounting and revenue recognition process expertise in addition to training the company’s internal audit team on technical issues.