Many public companies—and those intending to go public—know they must comply with the Sarbanes-Oxley Act of 2002 (SOX) but don’t fully appreciate the volume, cost and complexity of those demands. Internal teams can quickly become overwhelmed with critical and essential Sarbanes-Oxley requirements, especially at companies that lack the resources to staff a dedicated SOX team. But considering the high cost of non-compliance, getting your SOX program right is crucial.
RSM has the right people, processes and technology to help you get Sarbanes-Oxley compliance right. Our SOX advisors have deep industry experience and employ a modernized framework and a sustainable, risk-based approach. We’ve developed testing methodologies designed to reduce the risk of financial misstatements, mitigate risk and decrease potential scrutiny from external auditors. And by leveraging data analytics, process mining and automation, we can improve efficiency, accelerate compliance execution and ease the burden on your internal teams.
Customizing a SOX function to suit your business
Before diving into your Sarbanes-Oxley program, RSM advisors learn about your organization’s broader business priorities, processes and challenges. We can then help design solutions that work for your company’s unique environment and are created to scale as your business grows and evolves.
If you don’t yet have a SOX compliance strategy, we can build a framework that increases efficiency, reduces your team’s workload and minimizes risk. If you already have a plan in place, we can assess your existing program and suggest changes to improve its efficacy and efficiency. Regardless of your organization’s size or where you are in your SOX compliance journey, RSM can help.
Our managed service approach
Minimize your internal team’s SOX efforts with our SOX managed service offering. This offering is quick to stand up and deploy and utilizes automation to streamline information, which results in less time and effort required from your personnel. Our digitally enabled solutions to SOX compliance also deliver real-time, data-driven insights for process improvement. Plus, you’ll also have just-in-time access to SOX specialists who can share thought leadership and best practices with stakeholders and external auditors.
