We thought this information would be interesting to our readers.
As many of you know, since March of this year, I have been in Spain, Italy, all over China (several times), and all over the US implementing Sarbanes-Oxley requirements using our SOX Compliance Made Simple © product with great success.
Since the permanent reprieve for Section 404(b) for non-accelerated filers, or, those companies with a market capitalization under $75 million was granted last month (via the Wall Street Reform Act), we haven't slowed down. In fact, just last week we won our largest client to date and several other smaller clients for our SOX Basic © product! We are seeing a significant uptake in demand for our control rationalization services where we perform an analysis of existing control counts against our best-practice library of internal controls to identify redundancies and over-control. To this end, we successfully completed this type of service for iMergent who has Deloitte as external audit (see the press release here) and we are starting on another rationalization project this week. In addition, we have won several new clients for testing services.
Needless to say, Sarbanes-Oxley demand is up, actually, more so than last year at this time. We contribute this demand to a healthier economic environment and to the need for procedure to ensure accurate financials and efficient staff (which any company in the world could benefit from). Learn more about our products here.