Customer Success Stories

Compliance Solutions

Implementation of Sarbanes-Oxley

• Challenge:
  A publicly held, national manufacturing company was performing a SOX implementation; however, due to the recent turnover in executive management lacked the experience and knowledge to complete the project.
  
  
• Solution:
  A risk assessment approach was utilized to determine the appropriate steps to be taken to complete the implementation. In-house training was developed for the CFO and company controllers on the Sarbanes-Oxley methodology; including process flow / program development, exception monitoring, and report development.
  
  
• Result:
  As a result, the implementation was completed ahead of schedule, which directly resulted in the manufacturing company’s timely compliance with Sarbanes-Oxley Section 404.

Implementation of Internal Auditing Department

• Challenge:
  A national financial services company needed help with the formation of its internal audit department. The internal audit function had been outsourced in previous years; however, the end results were not satisfactory. The challenge to was build the internal audit department and establish effective lines of communication with executive management and the audit committee.
  
  
• Solution:
  Through diligent work, an internal audit department was created, which included the following:
  • Evaluating manning issues
  • Hiring audit professionals
  • Selecting audit tools and applications
  • Developing high-level risk assessments and models
  • Developing audit plans and formalizing budget requirements
  
  
• Result:
  As a result, the internal audit department was up and operating three months prior to the initial time-frame requested by executive management, which allowed them to effectively risk assess and plan audits for the next calendar year.