How SOX Internal Controls Help Companies Manage Risk

Creating internal controls over financial reporting (ICFR) is mandated under the Sarbanes-Oxley Act (SOX). SOX internal controls provide important insights into the accuracy and presentation of a company’s financial position while serving as a valuable risk management tool. The [...]

By |2022-10-25T10:21:32-04:00October 27th, 2022|Categories: Blog, Internal Audit, Sarbanes-Oxley Compliance (SOX)|Comments Off on How SOX Internal Controls Help Companies Manage Risk

The ABCs of Risk Management

You’ve heard the words in business circles —COSO, ERM, SOX, and COBIT. Looks like alphabet soup. But what do they mean? If you think these all relate to risk management, then you are on the right track. The difference lies in their primary [...]

By |2022-05-26T05:00:31-04:00May 26th, 2022|Categories: Blog, Internal Audit, Kevin Shives, Sarbanes-Oxley Compliance (SOX)|0 Comments

Leveraging Internal Audits

Many companies have an internal audit department that tests whether the organization is accurately reporting financial results and complying with U.S. Generally Accepted Accounting Principles (GAAP). But it’s important for internal auditors to think beyond compliance. Internal auditors who [...]

By |2022-10-14T16:10:43-04:00April 29th, 2022|Categories: Audit, Blog, Internal Audit|Comments Off on Leveraging Internal Audits

5 Common Business Risk Assessment Pitfalls

What to Avoid and How to Maximize Your Risk Assessment The corporate scandals of Enron, WorldCom and Tyco in the early 2000s have forever changed the way management and investors view risk management programs. Circumventing controls and exposing a [...]

By |2022-10-14T15:50:50-04:00April 21st, 2022|Categories: Blog, Internal Audit, Kevin Shives|0 Comments

What is SOX and How to Be Compliant

In this blog post, we will break down what SOX is and how your business can be compliant. We'll also provide some resources to help you get started. What is SOX? Since being signed into law in 2002, SOX compliance has [...]

By |2022-10-14T15:43:04-04:00April 14th, 2022|Categories: Blog, Internal Audit, Kevin Shives, Sarbanes-Oxley Compliance (SOX)|Comments Off on What is SOX and How to Be Compliant

How Pre-IPO Companies Can Get Their Ducks in a Row Before Going Public

Along with providing an infusion of capital to a growing company, going public brings strict financial reporting and compliance requirements that need to be in place well before the offering. To meet investor expectations for a timely closing and [...]

By |2022-05-23T11:57:11-04:00February 3rd, 2022|Categories: Audit, Blog, Internal Audit, Kevin Shives, Sage Intacct, Sarbanes-Oxley Compliance (SOX), Software|Comments Off on How Pre-IPO Companies Can Get Their Ducks in a Row Before Going Public

Why It Pays for Smaller Companies to Adopt Internal Controls Like Larger, Publicly Traded Companies

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 [...]

By |2022-05-23T12:20:56-04:00February 2nd, 2022|Categories: Audit, Blog, Internal Audit, James Taylor, Sarbanes-Oxley Compliance (SOX)|Comments Off on Why It Pays for Smaller Companies to Adopt Internal Controls Like Larger, Publicly Traded Companies

3 Tips for Boosting the Value of Your SOX 404(a) Compliance

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 [...]

By |2022-07-27T10:10:03-04:00January 4th, 2022|Categories: Audit, Blog, Internal Audit, James Taylor, Sarbanes-Oxley Compliance (SOX)|Comments Off on 3 Tips for Boosting the Value of Your SOX 404(a) Compliance

From Zero to SOX Implementation: Sarbanes-Oxley Compliance

Overview - Zero to SOX Implementation The process of building a sustainable, comprehensive internal control environment sufficient to comply with the Sarbanes-Oxley act of 2002 (SOX) requires a significant investment of organizational resources. At SSF we have created the [...]

By |2022-10-12T18:30:16-04:00January 1st, 2022|Categories: Blog, Internal Audit, Kevin Shives, Sarbanes-Oxley Compliance (SOX)|0 Comments

Are You at Risk? 7 Common SOX 404 Compliance Challenges to Avoid

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 [...]

By |2022-10-12T14:28:56-04:00November 30th, 2021|Categories: Audit, Blog, Internal Audit, James Taylor, Sarbanes-Oxley Compliance (SOX)|0 Comments
Go to Top