The Sarbanes-Oxley Act, in particular Section 404, passed in response to the collapse of Enron and other large corporate failures, is one of the most significant challenges facing many companies today. Whilst many are increasingly committed to ensuring that they comply with regulations, this is often considered against a backdrop of cost cutting. Many management teams are simply not fully aware of the real risks to themselves or their auditors.

OUR REGULATORY COMPLIANCE SERVICES INCLUDE:

• General compliance advice 
• Compilation of compliance manuals and associated documentation
• Compliance advice on the implications of strategic developments
• Advice on remedial action following regulatory breaches
• Providing an integrated IT compliance strategy
• Regular business and regulatory risk assessment
• Providing support and guidance in process documentation and in selecting control-testing strategies
• Assisting with or performing controls testing 
• Identifying risks which have either no controls in place or controls which are ineffective or inefficient 
• Providing support and guidance on SOX strategy and SOX team structure
• Assisting management in identifying risks within processes.

Businesses are struggling to achieve a balance between cost and compliance, and management do not always fully appreciate the implications for them or for their external auditors. Implementing Section 404 of the Sarbanes-Oxley Act can be a dauntingly complex project. Most significant is the amount of management resources that are being absorbed by the projects.

We offer an independent service, which extends beyond compliance. Our experienced team has worked on many Sarbanes-Oxley assignments, with our clients, often project managing these jobs.

Our solutions and expert opinions are usually designed to answer pressing questions such as:

• How do I know if I am meeting compliance requirements?
• How do we identify and measure specific risks? 
• How do I integrate my compliance and risk management efforts to avoid unnecessary overlap or contradiction?
• How effective are our risk and compliance programs?

Our services will lead you through all the critical steps of a successful compliance and risk program, and give you valuable insight into your IT strategy. We can work with you in any or all of these areas. We are then able to suggest improvements to your systems and the controls within them. We have also found from past experience that this process enables us to add further value to your business by reviewing ways in which you conduct business and by highlighting potential errors and inefficiencies, which need addressing.