Optimizing Business Success
Expert Services for Your Compliance Needs
Our specialized services are designed to support organizations in achieving SOX compliance while undergoing digital transformation endeavors. With a wealth of expertise and experience in both SOX compliance and digital transformation, our team of seasoned professionals offers comprehensive and integrated solutions. We combine industry best practices with cutting-edge technologies to guide organizations through the complexities of digital transformation while ensuring strict adherence to SOX compliance standards. Trust us to provide expert guidance and support as you navigate the intersection of compliance and digital transformation.
Approach
Our approach covers five key areas supporting digital transformation, risk management solutions, and SOX 404 audit. This process is designed to ensure a SOX compliant journey as your organization navigates through challenges, adapts to new paradigms, and evolves into a more agile and technology-enabled entity.
Assess and Scope
The assess and scope process for digital transformation and risk management projects is a vital initial stage focused on comprehensively evaluating the organization’s existing systems, processes, and risk landscape. This assessment informs areas such as:
- Policies, Procedures, and Standards
- Segregation of Duties and Sensitive Access Rules, Controls, and Mitigations
- Access / Role Design
- System Configurations
- Advisory and Innovations for SOX 404 Compliance
Policies, Procedures, and Standards
Ensuring that our work complies with the related policies, we complete a full review and provide advisory on amendments if necessary along with the supporting procedures. We confirm and create where necessary, the design standards for related solution designs, access designs, risk ratings, and approval requirements.
Sensitive Access & Segregation of Duties
Implementing Oracle’s RMC use cases 1, 2, and 4 enables continuous monitoring of all access policies in Oracle ERP, potential violations, insider threats, and fraud. It automates security analysis to ensure segregation of duties and compliance with access policies. It sets the stage to ensure compliant user access design prior to go-live.
Roles and Responsibilities
With the policies and procedures in place, along with the design standards and policy-based sensitive access and segregation of duties rules developed, we offer either rapid deployment of predefined access or in house development that is SOX compliant.
SOX Operating Model
The SOX operating model within your organization serves as the foundation of your SOX program. Consequently, the choice of this operating model significantly influences your ability to plan and execute an efficient, effective, and high-quality SOX program. We are here to advise and assist in selecting the right operating model for ensuring streamlined processes and successful compliance with SOX regulations.
Focused Control Assessment
With our Focused Control Assessment service, we help businesses align their control objectives with their processes and supporting technologies, thereby enhancing efficiency and mitigating risks. Our team of experts will conduct a comprehensive review of your control objective language, ensuring it accurately mirrors your business processes and technology landscape. By doing so, we aim to establish a robust framework for internal controls over financial reporting and the ability to supply supporting documentation during your SOX 404b audit.
Supporting Documentation
These documents are essential for passing the SOX 404 audit. They are carefully designed to assist you in managing compliance documentation. We thoroughly review the required artifacts to ensure alignment with your business process and regulatory requirements. Our team offers expertise on Information Provided by Entity (IPE) throughout the development lifecycle. We focus on providing technology-related information to auditors regarding system configurations that support control objectives, ultimately helping you pass the audit.
Audit Execution
Managing an audit like a project offers a structured approach, bringing clarity, efficiency, and improved coordination to the process. We work with your organization’s stakeholders and audit partner to define objectives, scope the controls, develop a comprehensive project plan with milestones and deliverables, and leverage effective communication channels for escalations and status reporting, thus reducing audit fatigue and time to deliver. Efficient resource allocation and our proactive risk management further enhance your audit’s success. Where findings are determined, we work with the relevant partners in the organization to develop a remediation plan with solution advisory.
Advisory, Design, & Solutions
We are driven by a genuine enthusiasm to empower your organization with SOX compliant solutions backed by PCAOB standards that go above and beyond expectations. Our exceptional team is deeply specialized in the world of digital transformation, with a particular focus on Oracle Cloud Financials and Risk Management, Oracle EBS R12 and Advanced Controls, ensuring that we possess the expertise needed to tackle any challenge that comes our way. Our unwavering commitment to providing tailored solutions that are perfectly aligned with your unique needs, whether it’s through leveraging third-party tools or crafting bespoke solutions, we are dedicated to delivering an enhanced framework for continuous controls monitoring and reporting.
Digital Transformation | SOX Compliance
Connect with us today for a free consultation and assessment.
