Ensure that your enterprise is audit-ready for SOX and use COSO to establish a strong internal control framework.
SOX was designed to improve the accuracy and reliability of corporate disclosures in financial statements.
All public companies doing business in the United States must comply with the Sarbanes-Oxley Act (SOX).
With SOX compliance, a strong internal control environment can enhance confidence in internal financial reporting.
Privately held companies considering or preparing for their initial public offering (IPO), need to comply with SOX.
A SOX control is a rule that prevents and detects errors within a process cycle of financial reporting.
SOX compliance testing is the process by which management assesses internal controls over financial reporting.
They are a key aspect of a public company’s internal control over financial reporting.
In SOX reporting, the IT department provides the proof that the company is in compliance by demonstrating.