Sarbanes-Oxley Solutions
Deliver sound risk management practices, internal control systems and compliance frameworks.
Schneider Downs delivers a comprehensive suite of Sarbanes-Oxley (SOX) solutions tailored to your company’s specific needs.
Whether you need a one-time assessment of controls or ongoing support, we adapt to your requirements and deliver tailored SOX services specific to your organization. Our teams have extensive experience collaborating with companies to ensure an effective SOX program.
SOX Controls Optimization
Our SOX program takes a focused approach to optimizing your SOX program, including strategy, structure, and controls. For a successful SOX program, all components must work in harmony and progress together.
We assess the scope, risks, testing strategies, and documentation—such as key controls, testing results, risk mapping, flowcharts, and walkthroughs—to ensure they operate at peak effectiveness and efficiency. By evaluating these factors, we help enhance the overall performance of your SOX controls and program.
SOX Readiness Services
Schneider Downs helps companies implement and support their SOX programs, emphasizing scoping, documentation, and key controls. Whether you’re pre-IPO or an SRC moving to an accelerated filer, we’ll guide you in developing the right strategy, structure, processes, and technology, ensuring effective design and operation while meeting independence requirements.
SOX Services for Public Companies
Our team of experienced professionals help support existing SOX programs. We provide an entire suite of SOX services, including scoping, walkthroughs to assess control design, detailed testing to assess control effectiveness, issue tracking and remediation, and coordination with necessary stakeholders, Our team consists of business process and IT professionals to provide comprehensive SOX solutions.
SOX Services for Smaller Reporting Companies (SRC)
Schneider Downs assists SRCs not subject to the SOX 404(b) auditor attestation requirement in achieving SOX compliance that aligns with management, and where necessary, external auditor, expectations. Our experienced team collaborates with companies to design and execute a cost-effective approach for management’s attestation of effective internal controls over financial reporting.
Our SOX Approach and Methodology
Our proven SOX methodology follows a disciplined approach aligned with industry-leading practices, ensuring consistent execution and high-quality results for both business processes and IT.
Our methodology focuses on continuous improvement through training, awareness, thought leadership, and regular communication to keep stakeholders informed. Aligned with SEC and PCAOB standards, as well as the COSO framework, it enhances the efficiency and effectiveness of Sarbanes-Oxley programs. This ensures organizations can identify significant risks of material misstatement and implement the necessary processes and controls to mitigate those risks.
How Can Schneider Downs Help?
Schneider Downs’ IT, financial, and operational audit professionals stay updated on SOX guidance and legislation, bringing extensive Sarbanes-Oxley experience across diverse domestic and international industries. We are proficient in various processes, applications, platforms, and databases, including HR, Accounts Payable, Accounts Receivable, Inventory, SAP, Oracle ERP, and JDE.
Ready to get started? Contact the team directly.
SOX Resources
About Schneider Downs Risk Advisory
The Schneider Downs Risk Advisory team collaborates closely with your organization to identify and effectively mitigate risks. Our objective is not only to address risks associated with potential losses but also to implement solutions that add value and ensure minimal disruption to your business.
Learn how we’ve Solved Big Problems For our clients
Big Problem: Company Impacted By Ransomware.
Big Thinking: Restore System On-site And Avoid Six-figure Ransom.
Big Problem: Inefficient Tax Credit Realization.
Big Thinking: Identified A $900,000 Tax Credit, Nearly Twice As Much As Prior Years.
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