Sarbanes-Oxley Compliance
The series of business failures that began with Enron significantly highlighted the need for an increase in the standards of corporate transparency and accountability. To combat the failures of the past the introduction of the Sarbanes-Oxley (SOX) Act seeks to require greater accountability by management and the Board in the reporting of financial data. As a result of the Act many Australian subsidiaries of US-registered reporting entities are now faced with the huge task of compliance with the Sarbanes-Oxley Act.
The demands of SOX are significant and require enormous effort and commitment of resources. William Buck can assist your organisation in meeting the regulatory requirements and business challenges of Sections 302 and 404 of the Act.
Our methodology is not just about addressing the mandates of the Act, but also about supporting our clients in creating a strong and sustainable culture of ethics, good governance and reliable reporting. Our methodology stretches further than compliance – it strives to find efficiencies through business improvement from identifying unnecessarily complex or redundant procedures.
Our service commitment
Our commitment to delivering efficient and effective SOX compliance projects to our clients is demonstrated by:
- Our investment in understanding your business to enable the accurate identification of significant business processes, associated risks and material financial balances and disclosures
- Our informed and expert assessment of control effectiveness in consultation with management
- The provision of practical and relevant recommendations to remediate the control environment, where necessary, with a particular focus on the workability of proposed control initiatives
- Our consultative approach to project planning, ensures all issues are identified and addressed and any disruption to your business is minimised
- Competitive pricing structures that guarantee a high proportion of partner and manager time
- Using and continuously developing tools and methodologies, not as packaged solutions, but as aids to meeting your needs and assisting with compliance
How William Buck can help you
Our dedicated team of internal auditors has extensive experience in documenting critical financial recording and reporting processes and brings the following experience to our clients:
- Extensive knowledge of the Sarbanes-Oxley Act
- Embedding sustainable compliance frameworks
- Knowledge of financial reporting issues and external auditing requirements
- Process mapping key business processes beyond financial recording and reporting
- Identifying risks, mitigating controls and identifying control gaps or weaknesses
- Testing controls and implementing remediation where required
- Project managing large Sarbanes-Oxley compliance projects
For more information
For more information on our assurance services please contact your local office, or download an information sheet.
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Information sheet – Sarbanes-Oxley (PDF 1.03MB opens in new window)  |