Internal controls over financial reporting (ICOFR) continues to be a focus area for management, internal and external auditors and regulators.
ICOFR continues to be a focus area for management, auditors and regulators.
Achieving Sarbanes-Oxley (SOX) compliance can be an intensive and time-consuming requirement. SOX compliance can involve input from external auditors, internal control owners, technology and document management, targeted testing, and tailored reporting.
Many companies are still using spreadsheets and email to facilitate these complex processes. Some are testing the wrong controls and may be missing material weaknesses altogether. And countless others are in an endless cycle of fits and starts, with intermittent fire drills that disrupt daily operations followed by long periods of inactivity.
We understand that the level of effort and cost of SOX compliance can reach staggering levels. At the same time, the importance of maintaining a strong ICOFR environment is essential for your company. We have the people, processes, and technology to deliver a quality program at a cost-effective price.
Click here to browse the list of available SOX services from KPMG.