While an effective internal audit function can help an organization mitigate organizational risks, identify inefficient processes, enhance compliance, and reduce the potential for fraud, it’s important to review the process itself. Reviewing the internal audit process makes sure it’s [...]
Internal Controls Aren’t Just for Large Publicly Traded Companies Private or smaller publicly traded companies that proactively employ internal controls over financial reporting benefit from: lower capital costs higher company valuations increased interest by investors fewer roadblocks to transfer [...]
Beyond regulatory requirements, developing an effective internal controls framework plays a valuable role in helping your company manage risk. Identifying and mitigating the company’s financial and operational risks under the Sarbanes Oxley Act’s (SOX) Section 404 requirements can also [...]
Several SOX challenges can affect a company’s ability to maintain an effective controls framework, or potentially hinder its ability to demonstrate that its ICFR efforts are serving their intended purpose. SOX Challenges We See Clients Encounter 1. A lack [...]
