SABARNES-OXLEY READINESS ASSESSMENT
“With few exceptions, public companies are seeking help outside their external auditor for SOA compliance.”
AMR Research Report, January 2004
Business and financial executives are well aware of the challenges presented by the Sarbanes-Oxley Act (SOA) and the requirements of ensuring financial and system compliance.
Organizations need to have comprehensive knowledge and understanding of relevant financial information. This may require new business policies and standardization of procedures as well as a thorough review of internal IT structures that support reporting and documentation.
Companies should look at SOA compliance as more than a financial and systems audit. It can be an opportunity to focus on getting increased value from your business processes and systems.
By taking a business-oriented approach to compliance, you can achieve:
• Faster, prioritized, and less expensive diagnostics and documentation
• Identification of unrealized value in current systems investments
• Lower future compliance costs
• Better performance management
Based on Security Wokrplace's expertise in systems integration and business consulting, our professionals can assess your business and IT issues and help in the review, development and deployment of required processes to ensure Sarbanes-Oxley compliance.
Security Workplace can help you reduce the cost of compliance because we begin with a business-oriented risk assessment. By measuring risk in monetary terms before diagnosis and documentation, work priorities can be set to link compliance, risk minimization, and business planning.
This results in a more focused, less costly compliance diagnostic, with more attention on business performance and identification of IT and process opportunities.
Security Workplace experience provides a third-party opinion to complement your current decision making. Our unique approach to assessing, planning, designing, implementing and managing mission critical activities will assure rapid identification, improvements, and testing of internal controls and processes – all in an effort to comply with this compelling mandate.
This is a 3-day scope of work with the following deliverables:
• A 1-day seminar outlining best practices for the following SOX topics:
• Aligning IT for SOX compliance
• Setting the appropriate project scope
• Project team formation
• Compliance Roadmap
• Documenting internal control framework
• Section 404 documentation tools
• Risk Assessment
• A customized roadmap for achieving SOX compliance
• A report evaluating current SOX activities
• A revised project plan and proposal to assist in achieving SOX compliance
