Sarbanes-Oxley (SOX) Assessments

For public companies and companies gearing up for an initial public offering (IPO), compliance with the 2002 Sarbanes-Oxley Act (SOX) is an expensive and complex undertaking that may overwhelm your internal resources. SOX assessments provide an avenue to identify risk areas and implement controls specifically designed to mitigate risks without being overly burdensome or time consuming. Our risk-based approach is customized for each client, taking into account industry specifics, relevant regulations, company size, financial systems, and information technology (IT) architecture, ensuring a tailored solution that aligns with the unique needs and developmental phase of your company.

SOX Readiness and Compliance Services

Our SOX services include SOX readiness, SOX program assessments, SOX risk assessments, and ongoing SOX compliance support through outsourcing or co-sourcing. Our Risk Assurance & Advisory team has extensive internal and external audit SOX compliance experience, with expertise in internal controls over financial reporting (ICFR), IT general controls (ITGCs), and operational controls. Our team of CPAs and internal auditors help companies establish, document, validate, and maintain an effective internal control framework through customized SOX compliance and internal audit services.

Key Services

SOX Readiness and Compliance
  • SOX readiness for companies beginning to document and assess their ICFRs, including assistance with process, risk, and control documentation, as well as internal testing and training
  • Comprehensive gap assessments with actionable recommendations to bolster SOX compliance efforts
  • Tailored SOX readiness services designed for newly acquired companies, guiding them through their initial compliance journey with SOX requirements
  • Compliance outsourcing or co-sourcing to support the seamless execution of existing SOX programs
SOX Program Optimization
  • Enhance existing SOX programs through optimization, aligning with evolving process and risk environments to streamline operations and gain efficiency through standardization and simplification
Internal Audit
  • Conduct process reviews and deliver insightful gap assessments, accompanied by valuable recommendations to enhance effectiveness and efficiency
  • Provide staffing at various levels to outsource or co-source internal audit teams, providing access to team members who are entirely independent of your organization
Enterprise Risk Management
  • Provide guidance on an enterprise risk management (“ERM”) process tailored to the company’s size, industry, and future goals
  • Assist in ERM program execution and management

Contact Us Today

Ensure an efficient SOX assessment process with the help of the highly-experienced team at Maxwell Locke & Ritter. Contact us today for more information or to schedule a free thirty-minute consultation with the team.