Sarbanes-Oxley & Internal Audit

Sarbanes-Oxley Compliance

Whether your company is already managing Sarbanes-Oxley (SOX) processes or is planning to go public and needs to implement them, we have experience with both accelerated and non-accelerated filers, multiple industries, and domestic and international operations.  We've helped companies with the whole process from beginning to end and can provide expertise in specific areas to supplement your team.

Project Management

• Assistance establishing a task force (identifying team of advisors and/or internal team members)
• Coordinationof the tasks to prepare for IPO, establish timelines, dependencies and manage activities

Corporate Governance

• Assistance in the establishment of necessary committees and charters for corporate governance (also a SOX requirement)
• Defining and assessing Control Framework: Control Environment, Information and Communication, Risk Assessment, Monitoring, Control Activities

Sarbanes-Oxley Processes

• Planning, scoping, and risk assessment
• Assess and redesign organizational structure and process flow
• Design policies and procedures with necessary controls and other requirements for a public company:
  • Entity Level - Code of Conduct, whistleblower, HR, etc.
  • Accounting and financial reporting processes
  • Information technology
• Develop SOX 302 process for management’s quarterly certification of disclosure controls and procedures
• Develop and implement SOX 404 process for management’s ongoing assessment of internal controls
• Testing controls

Contact us to have us come visit you with a presentation on the Corporate Governance/Sarbanes-Oxley perspective on going public.

Internal Audit

Outsourcing/Co-sourcing

Many companies today employ internal audit staff for their core auditing activities, but may not be able to justify full-time staff for specialized skills such as information technology.  We supplement your team with highly experienced consultants that have expertise in internal auditing as well as systems implementation, accounting processes, and other specialized process skills.  This way you get a highly effective internal audit without adding full-time resources.

Internal Audit Governance

SC works with the Chief Audit Executive, Chief Risk Officer, or Chief Compliance Officer and provides consulting on the enterprise’s risk management functions:

• Define standard audit policies and procedures, 
• Define the risk management functions and charters for the company, 
• Provide quality assurance through a Quality Assurance Review (QAR) under the Institute of Internal Auditing guidelines.

Contact us about Internal Audit services