The SOX Compliance Made Simple® approach is ideal for private companies who have externally-audited financial statements and want to meet the same rigorous financial reporting criteria imposed on public companies. When choosing to establish or improve an existing internal control infrastructure for financial reporting it is important to consider the Return on Investment (ROI) in addition to the indirect benefits outlined below.

Our fixed-price, rapid implementation, and standardized methodology equate to annual cost savings that are often equivalent to or exceed the implementation costs in the first year alone. An initial positive ROI ensures that savings will accumulate year-after-year as audit fees are reduced due to efficiency gains and a reduction in resource effort to test and maintain internal controls.

Meeting a Sarbanes-Oxley level of reporting control offers many of the following benefits:

• Premium on Firm Value: Whether an IPO, sale, or buyout, firms with a defined control environment leave less room for operational and financial scrutiny.
  
  
• Easier Access To and Lower Cost of Capital: Public sources of capital are increasingly requiring operational and financial transparency. And systems of accountability and control reduce overall firm risk, while providing leverage in negotiating with lenders and investors to drive down the cost of capital.
  
  
• Lower Insurance and Risk Costs: A byproduct of Sarbanes-Oxley compliance is accountability at all levels of the firm. This transparency can reduce costs such as Directors and Officers Insurance and litigation expenses.
  
  
• Stronger Strategic Relationships: Integrity and trust in any relationship is imperative. This includes relationships with stakeholders, vendors, customer, and the general public.
  
  
• Process Improvement: The Sarbanes-Oxley compliance exercise highlights transaction and reporting inefficiencies. A competitive firm reengineers inefficiencies, layers in controls, and thereby creates overall process improvements.
  
  
• Fraud Detection: The control environment is designed to detect unscrupulous activity. Detection is proactive and leads to mitigation; mitigation leads to profit retention and higher returns to the stakeholders.
  
  
• Access to Top Management Talent and Directors: If nothing else, the threat of personal liability and possible incarceration has awoken the conscience of leadership who will be comforted by and attracted to the firm that voluntarily undertakes measures to protect employees and managers.
  
  
• Competitive Advantage: Costs are lower, capital is cheaper, transactions occur quicker, talent is better, and returns are higher. For the private firm, Sarbanes-Oxley is a differentiator and an overall value driver.

To learn more about how our unique approach can help your company click here.