Determine the right internal controls
Others claim a unique approach to identifying the right controls, tailored to your business, is the right approach. We respectfully take the opposite view. Financial reporting controls should be standardized to facilitate consistent, industry-accepted procedures that your investors and board members can trust.
SOX Compliance Made Simple® is a proven approach based on risks distilled from the Big Four audit plans and predefined, best-practice mitigating controls developed by working with world-class organizations. We don’t start by asking what you need; we simply start by showing you what works. All controls are designed to mitigate the most common risks; by process, identified by the Big Four audit firms so you have the confidence of knowing you can trust the approach and application to your specific business needs.
Get set up in just a few hours
Our toolset provides the place to start, and from there we map the most important or “in-scope” areas of your business to our predefined process cycles containing both the risks and mitigating controls. An efficient interview-style meeting captures your existing information and identifies any gaps requiring remediation. This can all be done in just a few hours per process and our 15 process cycles cover every area of your business. Compare this to the months of effort typically spent documenting your existing control infrastructure before even deciding what methodology to select.
Reduce your audit efforts and costs
The SOX Compliance Made Simple® toolset provides documentation formats and procedures ready for auditor review, and our simple Microsoft® Excel-based products have almost no learning curve. Since all information related to controls and testing are linked and updated based on any real-time changes, there is no more narrative, flowchart, or document management necessary to make sure your auditors have the latest versions. By developing our toolsets based on auditor feedback, they reflect the formatting, procedures, and content that auditors expect and can spend the least amount of time understanding and reviewing. This saves you time and money, every single year.
Scale to fit any size company in any industry
Our unique approach has been used at companies ranging in size from one employee to world-class, Fortune 15 organizations. The modular structure and comprehensive business process coverage ensure that all critical process areas are addressed for any type of business that needs to meet financial reporting requirements, no matter how large or small. Our clients come from industries as diverse as the automotive, healthcare, biotechnology, software, natural resources, and clean energy industries. Fixed pricing and independent process cycles ensure you only pay for what you need, and our approach can grow with you over time.