Compliance is part of the landscape, especially for public companies. Even private companies must be careful to stay abreast of ever-changing regulations that affect the way accounting is performed. The Sarbanes-Oxley act of 2002 was specifically designed to try and prevent fraudulent accounting practices, and SOX404 has added a whole new area of accounting.

We’ve been dealing with the intricacies of regulatory agencies from the very beginning. Long before SOX404, our partners were involved with the telecommunications industry, where there was a maze of regulations. We can get your team up to speed, applying best practices to every nuance of your accounting and reporting.

Sarbanes-Oxley Act Requirements

The U.S. Securities and Exchange Commission (SEC) must review a public company’s information at least once every three years. SOX404 requires American publicly-traded corporations to use a control framework in their internal control assessments.

One particular area that many businesses need help with is the SOX requirement to perform a fraud risk assessment. These typically involve identifying scenarios of potential (or already experienced) fraud, related exposure to the organization, related controls, and any action taken as a result.

We can design operational controls or help supplement and improve your existing processes. Further, we can schedule regular compliance reviews, so that you’re up to date on all new issues as they affect your business, and you can feel secure in the knowledge that your business will stand up to scrutiny.