Sarbanes-Oxley Act (SOX)

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Sarbanes-Oxley Act (SOX)

Sarbanes-Oxley Act (SOX) 404

To protect shareholders & the general public from corporate fraud and accounting errors, the US Congress in 2002, passed a financial reporting system called Sarbanes-Oxley Act Section 404 (SOX Section 404). Under this section, all the publicly traded companies are required to test, maintain and document all the internal controls and procedures in the financial report to ensure their work effectiveness and improve corporate disclosures.

To successfully implement the 404 compliance process or internal audits by addressing the compliance challenges, organizations often take the help of the experts in the field.

Whether you are just going to public issuing or an experienced with SOX requirements and COSO framework, we have a solution for you. MatinQ’s compliance security professionals can assess whether your current internal controls comply with SOX and if not, what are the changes needed to comply. Our team of financial statement auditors helps you frame detailed documentation of the requirements of the internal controls system.

How we help you

  • Develop a plan 
  • Conduct a risk assessment 
  • Assess entity-level controls
  • Conduct annual management level testing
  • Document key controls and significant processes
  • Assess other IT general controls 
  • Identify third-party service providers
  • Conduct an audit on them
  • Test the effectiveness of internal controls
  • Assess the effect of identified deficiencies 
  • Report results

Our Approach

  • Project planning
  • Risk assessment
  • Gap analysis and Documentation
  • Test preparation
  • Operational effectiveness testing
  • Monitoring and reporting