Sarbanes Oxley (SOX) Compliance Services
A collaborative, technology-enabled SOX approach that brings clarity to all parties, from the external auditors to management
EisnerAmper’s approach to Sarbanes-Oxley (SOX) compliance reflects our experience--across a broad range of industries, with companies both large and small--in achieving compliance with long-term integration of best practices and prevailing standards through a modernized lens. Our methodology is predicated on a top-down comprehensive and risk-based approach which allows us to focus efforts on the most critical activities and enables us to provide a cost-effective solution to clients.
We are constantly evolving our assessment and testing methodology to reflect current best practice standards and to keep pace with the existing requirements of the SEC and PCAOB and align with the COSO Framework and IT controls for SOX published by the ITGI (IT Governance Institute).
Throughout the process, we leverage our technology solutions and partnerships to increase efficiency of SOX testing, as well as to provide more real-time results to stakeholders. Any opportunities for improvement, such as streamlining operations that would result in cost savings, are part of our overall SOX strategy and relayed to management in our findings.
SOX Services Tailored to Your Needs
Whether you need us to fully implement and maintain your SOX program or are seeking assistance with one piece of the puzzle, we tailor our services to meet you where you are. And, in the event you don’t need the below assessments, our team will work with management toward optimizing the SOX frameworks, which will ultimately reduce the level of effort on management’s part and reduce the level of deficiencies.
ICFR Implementation:
Implementing an effective Internal Control over Financial Reporting (ICFR) framework is crucial for SOX compliance. Our seasoned professionals will work closely with your team to develop and implement a robust ICFR program tailored to your organization's unique needs. We will assist you in identifying key controls, documenting processes, and establishing monitoring mechanisms to ensure compliance with SOX requirements.
Design and Effectiveness Testing:
Once your ICFR program is in place, it is essential to evaluate and test its design and effectiveness. Our experts will conduct a thorough assessment to identify any gaps or weaknesses in your control environment. We will provide you with valuable insights and recommendations to enhance the design and effectiveness of your controls to help you meet the stringent requirements of SOX.
Scoping and Risk Assessment:
Determining the scope of your SOX compliance efforts is a critical step in the process. Our team will help you define the scope by conducting a comprehensive risk assessment tailored to your organization. We will analyze your business processes, identify key risks, and develop a risk-based approach to prioritize your compliance efforts effectively.
Deficiency Evaluation and Remediation Assistance:
In the event of control deficiencies or identified weaknesses, we offer professional guidance to help you navigate the remediation process. Our team will assist you in evaluating deficiencies, assessing their impact, and developing remediation plans. We will work closely with your team to implement effective controls and monitor progress toward timely resolution.
JSOX Compliance:
If your organization has operations in Japan, compliance with the Japanese version of SOX, known as JSOX, becomes crucial. Our professionals are well-versed in JSOX requirements and can provide comprehensive assistance in aligning your existing SOX program with the additional regulations mandated by JSOX. We will help you bridge the gap between SOX and JSOX, ensuring compliance across all relevant jurisdictions.
We, as a firm, have years of experience working with numerous companies on SOX compliance initiatives with employees who hold professional designations such as CPA, CIA, CISA and many others.
What's on Your Mind?
Nina Kelleher
Nina Kelleher is a Partner and is the National Practice leader for the EisnerAmper’s Risk and Compliance Services (RCS) practice, with more than 15 years in the risk and regulatory space.
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