Holbrook & Manter has performed a number of numerous Sarbanes-Oxley (SOX) compliance engagements, and has a team of professionals with valuable experience in this field. Our team can assist your organization with a huge number of aspects of fulfilling your SOX compliance requirements.
The Sarbanes-Oxley Act of 2002 (often shortened to SOX) is legislation passed by the U.S. Congress to protect shareholders and the general public from accounting errors and fraudulent practice on the enterprise, as well as improve the accuracy of corporate disclosures. Section 404 of Sarbanes-Oxley mandates that the U.S. Security and Exchange Commission (SEC) adopt rules requiring each issuer to include an internal control report that contains management’s assertions regarding the effectiveness of the company’s internal control structure and procedures over financial reporting.
Section 404 also requires the company’s auditor to attest to the effectiveness of the company’s internal control over financial reporting in accordance with standards established by the Public Company Accounting Oversight Board (PCAOB). The Committee of Sponsoring Organizations (COSO) published the 2013 Internal Control – Integrated Framework (the COSO Framework), which is an update of the original 1992 version. The COSO Framework is recognized as the leading framework for designing, implementing and conducting internal control, as well as assessing the effectiveness of internal control. The COSO Framework can be utilized as a guide in implementing and sustaining a successful SOX compliance program.
We offer a risk-based approach to Sox compliance and our services, including:
Have additional questions regarding our SOX compliance services or about Sarbanes-Oxley regulation as a whole? Get in touch with Holbrook & Manter today!