Sarbanes-Oxley (SOX) compliance requirements have elevated the roles and responsibilities of organizations relative to internal controls and financial reporting expectations, and have increased the accountability of top company executives. Corporate disclosure, compliance oversight, controls monitoring and testing, and company training have all been impacted by these requirements.
AC Lordi has led more than 300,000 hours of Sarbanes-Oxley compliance services for organizations ranging from small public companies to Fortune 500. We work with your company's senior management and Audit Committee to implement a top-down, risk-based approach that ensures compliance with Sarbanes-Oxley requirements while effectively reducing the overall amount of ongoing testing performed by management and the external auditors. This includes identifying, documenting, testing, and remediating internal controls over financial reporting as well as serving, where appropriate, as a liaison between company management and external auditors.
Our proven methodology has saved our clients considerable time and money when compared with traditional approaches. Our assertion based approach maximizes management’s judgment under AS5 and the recent SEC and AS5 guidance. Our methodology is automated and optimized through the use of BII's Aline compliance tool, which includes our proprietary risk and control database.
For companies not required to comply with Sarbanes-Oxley, we offer SOX readiness and internal control assessments.
AC Lordi has the critical skills necessary to provide assistance in the following areas:
- Project management
- Technical support including scoping, documentation, evaluation, and reporting
- Risk assessments
- Change management
- Training materials
- Control environment assistance
- Documentation support
- Design and execution of an effective compliance methodology
- Process improvement
- COSO and PCAOB compliance reporting
- Coordination with external auditors
