SOX Basic® is a combination of the powerful but cost‐effective tools that support the SOX Compliance Made Simple approach®. This approach is based upon Big Four Internal Control methodologies and has been benchmarked against Six Sigma as well as best practices of the Fortune 50. This fully‐integrated approach provides three essential tools in a unique combination to streamline the internal control assessment and documentation effort for smaller companies with limited financial and personnel resources.
SOX Basic® includes a mini Risk Assessment, Control Matrix for up to 20 controls, and a mini Segregation of Duties Analysis. The table below provides a comparison between SOX Compliance Made Simple® and SOX Basic®.
"We didn't have a dedicated budget to complete our SOX compliance but as a small public company that was going to be an accelerated filer by our next year-end, we knew we had to figure something out quickly that would allow us to comply with the full SOX 404 requirements. Vibato had a solution for us that cost less than $6,000, which was significantly less expensive than anything else we had seen in the market. I would recommend them to anyone looking for a cost-effective and scalable solution."
By Bob Ogden, CFO, Omni Bio Pharmaceutical, Inc.