SOX Support

SOX, enacted in 2002, that require US listed companies to implement set of internal control catering all the major business processes which must be designed and operating effectively so that chances of material misstatement in the financial statements can be reduced to minimal level.

Act also requires that CEOs and CFOs must annually confirm regarding adequacy of company’s control environment which provides assurance to shareholders for the overall integrity of its financial information. These controls are also required to be processes wise documented and effectively communicated to responsible staff. An independent external auditor must certify the management’s confirmation. All above requirements are governed by section 302 and 404 of Sarbanes Oxley’s act.

Our SOX services
Our SOX services are based on comprehensive methodology that provides defined deliverables and measurable success benchmarks through a series of defined phases. These include:

Phase 1: Understanding of business
Phase 2: Identification of key processes
Phase 3: Assessment of key risks
Phase 4: Designing of effective controls
Phase 5: Process wise documentation of controls
Phase 6: Preparation of work papers to document controls executions and management’s sign-off
Phase 7: Feedback from client

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