Sarbanes-Oxley and Multilateral Instrument 52-109 Sustainment
Looking to reduce SOX/CSOX compliance costs and effort? Now several years since the legislative bill took effect, SOX compliance has evolved steadily and our model for on-going SOX/CSOX testing was designed with this in mind. We help internal departments through the peak periods of second, third and fourth quarter testing. Our approach incorporates low cost qualified SOX/CSOX testing resources to reduce overall SOX/CSOX compliance costs. In fact, you'll find our on-going sustainment costs to be among the lowest in the industry.
Process & Controls Documentation
We can help you prepare your Section 404 business process documentation and identify key controls. Our standardized approach produces just the right amount of documentation for your management assessment and your external auditors. Our multidisciplinary teams ensure the documentation addresses all of the necessary elements, such as company-wide, IT and financial disclosure controls. Our “Big-4” experience keeps the project focused on what is really required by Section 404 and provides you with suitable integration to your external auditors.
IT Controls Documentation & Testing
Assessing IT controls requires highly specialized skills. Although many public companies have an Internal Audit capability, many lack the skills in-house to effectively document and test IT controls. Sunera possesses the entire breadth of technical skills required to work with ERPs, databases, networks and websites as well as IT processes. Our professionals are experts in COBIT for Sarbanes-Oxley and most have completed many IT general controls work paper sets for “Big-4” audit firms. Further, IT is one of our core specialties.
Controls Testing
Our control experts are well trained in testing techniques and documentation standards. We provide testing results that meet the requirements of the public accounting firms without the high cost. We believe that control testing is repetitive and can be performed more efficiently with resources that have the appropriate skills and training.
Controls Remediation
Fixing control design and operating effectiveness gaps often requires changing existing processes and technologies. To do so successfully, a change agent must understand how to gain acceptance by the organization for the change as well as know the many process and technology alternatives to consider. Unlike a typical auditor, our professionals are capable of helping your organization implement new practices and modernize your technologies.
Improving SOX & CSOX Compliance
Today, many companies rely on manual, detective controls that are costly to operate and test and are prone to error. We can help you replace those controls with automated controls that are more reliable and cost-effective. We have the expertise to help you get the most from your existing ERP systems by utilizing functionality already embedded within them. In addition, we can deploy emerging controls automation software, such as Approva, or controls monitoring/self-assessment programs to make controls testing and monitoring more efficient.
