Sarbanes-Oxley Act
 Global
Frontier Resource Consulting helps close the gap between
current business state, compliance and operational excellence.
Compliance with the Sarbanes – Oxley Act of 2002 (SOX) can be an expensive, daunting task and preparation for the certification effort will consume an enormous amount of resources. SOX forces a company to review its financial reporting by identifying fiscal responsibility through evaluation and accountability of internal controls. Successful companies, rather than just remediate the problem areas, will seize the opportunity to:
- Document, streamline, and
consolidate their processes
- Redeploy resources and automate inefficiencies
- Standardize records management
A successful outcome requires formal documentation
of all systems and processes, control and process risk
assessments, development of testing strategies, implementation
of remediation procedures and mitigating controls, scheduling
of reviews and compliance testing, and the coordination
and management of the overall project. Within today’s
lean corporate organizational structure, resources and
expertise may not be available to develop, implement
and report on these relatively new activities.
GFR Consulting offers:
GFR Consulting provides a wide
range of services related to the SOX certification process.
From providing SOX and financial audit expertise to
supplying an extra pair of hands to perform a mitigating
control, GFR consultants are currently:
- Providing overall project
management administrative and professional services
- Supporting key financial
personnel in the SOX process
- Developing, monitoring
and updating overall SOX implementation schedules
- Testing the effectiveness
of mitigating controls
- Assisting with the development
of process flows, controls and testing
- Performing the daily mitigating
control processes
- Reviewing and upgrading
processes from a SOX and an efficiency viewpoint
- Providing change management
documentation and compliance services
- Developing a resource
plan in support of a SOX initiative
- Providing a liaison between
management and external audit firms
- Monitoring SAS 70 documentation
and reporting
- Developing and upgrading
SOX mandated security systems and routines
- Identifying
process improvement opportunities and implementing
enhancements
|
