With the introduction of the Sarbanes-Oxley Act of 2002 (SOX), companies subject to the reporting requirements of the SEC are required to include a report on the company's internal control over financial reporting in their annual reports. Section 404 of the Sarbanes-Oxley Act of 2002 requires corporate management to 1) establish and maintain an adequate internal control structure and procedures for financial reporting and 2) provide an assessment, as of the end of each fiscal year, of the effectiveness of the internal control structure and procedures for financial reporting.
"I have worked with Vonya Global for several Sarbanes-Oxley and Internal Audit related projects. I really appreciate their deep knowledge and experience as well as the excellent client service, which are very crucial for the projects' success"
Changes in corporate structure via mergers, acquisitions, divestitures, and IPOs, require executives to evaluate Sarbanes-Oxley compliance.
SOX OnPOINT™, Vonya Global's proprietary Sarbanes-Oxley ("SOX") compliance methodology, was designed specifically for small cap, mid cap, and IPO companies and was developed from the knowledge gained through many SOX compliance initiatives. SOX OnPOINT™ is a top-down risk based approach which streamlines the compliance effort and is consistent with the PCAOB and Audit Standard Number 5. SOX OnPOINT™ helps our clients reduce the cost of compliance by ensuring that only key controls will be documented and tested.
Five Steps to SOX OnPOINT™: