Sarbanes-Oxley Compliance: Not Slowing Down!

 

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.

 

 

SOX Compliance Made Simple®: Now Available in Mandarin!!

 

Vibato is delighted to announce that we are now offering our SOX Compliance Made Simple product suite in Mandarin. This includes our SOX Basic®, Risk Assessment, Segregation of Duties, and all of our pre-defined process cycles and software.   

Vibato, LLC developed the only fixed-price Sarbanes-Oxley compliance tool that allows you to start with pre-defined best-practice controls, by process and based on Fortune® 20 procedures that are visually mapped to “Big 4” external audit plans.  This allows you to understand where you start, where you end, and why you are considering each control point without worrying about having too many or redundant controls.  This also allows your company to have a best-practice guide to strive for better internal procedures as your company matures.   

C-SOX, or China SOX will be a requirement for all Chinese public companies by the end of 2011.  The SOX Compliance Made Simple product suite is the perfect solution for those companies striving to become compliant in a cost-effective and efficient manner and it is now available in Mandarin. 

To learn more or to schedule a demo or complimentary ROI analysis, contact:

Andrew Wilson

Vice President, Sales & Business Development

Vibato, LLC

(415) 240-4867 ext. 2400

Andrew.wilson@vibato.com

 

Internal Controls/Procedures Sub Certification Available in Mandarin

 

We are delighted to start offering our SOX Compliance Made Simple Toolset in other languages.  To start with, we have a nice Section 404, sub-certification sheet available for free download with registration.  Here is a sample of what it looks like:

Please answer the following questions to support this confirmation for your process: 请回答以下问题，来支持确认您的流程	Comments (as needed) 解释（如需要）
Have you reviewed the process narrative and informed management of any updates required?你是否有查看过过程叙述文字并将所有需要的更新资料通知管理层？
Does this process have open control deficiencies from prior periods? 从前段时间来看,这个运行过程存在明显的控制缺陷吗?
Have deficiencies been identified this quarter in this process (see the exceptions tab)? 本季度运行过程中,发现缺陷,不足了吗?
Are action plans in place for all deficiencies identified? 这些行动方案替代了所有被认可的缺陷吗?

Register by clicking on the button below to receive this document.

 

Vibato Wins 2 More Locations in China for Sarbanes-Oxley Compliance!

 

Vibato is delighted to announce that we will be implementing our SOX Basic® product at two more facilities in Shanghai, China for Worldwide Manufacturing USA, Inc. This will allow me to stay in China for another week to complete the implementations.  As many of you know, our implementations are very quick; less than 1 day per location.  I will be staying an additional day at each location to gather testing evidence and then leaving to come back to the states on 3/19. 

 

In China, Doing Great. Interesting Compliance News

 

 

China is going great.  Shanghai is FREEZING cold right now but not snowing. 

I am really enjoying my time here with the Intech - Detron & Worldwide Energy and Manufacturing Corp USA teams.  Mindy Wang, VP Finance of Worldwide Energy is absolutely amazing and a true success story.

This is my second time implementing our product, SOX Compliance Made Simple®, in China and once again I am amazed at how versatile our controls are.  Our best-practice controls not only span industries but also countries.  I went in to Intech - Detron today with 20 of our predefined, controls and they fit right in without issue.  Intech - Detron believes the controls we put in place today will help with their ISO 9000 requirements as well. 

This trip has also allowed us to create some very nice forms, checklists, 302 certifications, and policies written in Mandarin which I will blog about when I return and that we will offer for free download.  Check back soon!