Sarbanes-Oxley and Regulatory Compliance
The Sarbanes-Oxley Act of 2002 has been called the most significant reform of U.S. securities laws in 70 years. Handling the complexity, finding internal expertise to manage SOX, whether a company is experienced with compliance or not, can certainly be a daunting task, costly and prove unproductive for most companies. Throw in the mix that soon after the passing of Sarbanes in the United States, a widespread global adoption of the major provisions of SOX began.
The Canadian Securities Commission Administrators proposed a series of Multilateral Instruments to Canadian Provinces addressing corporate governance. Japan enacted its Financial Instruments and Exchange Law commonly called “J-SOX. The EU Working Party Opinion was released in similarity to France’s Commission Nationale de L’informatique et des Libertés (CNIL). Other countries followed suite – Germany, Spain, United Kingdom, Belgium, The Netherlands.
Reliant Financial Consulting offers our clients specialized compliance services by helping them to rationalize the critical risks or identify key controls and develop a credible body of evidence for example, all in an effort to deliver a cost-effective compliance solution. Using our extensive knowledge in streamlining processes and implementing new methodologies we will assist your company with control design and operating effectiveness, driving accountability for compliance throughout the organization, and coordinate the optimization of the attestation process.
Our expertise includes clients in Europe, United Kingdom, Germany and Belgium in addition to the United States. A glimpse at some of those projects includes:
- SOX documentation and testing for a UK Client with presence in Germany, Spain and France.
- SOX documentation and testing for American Subsidiary of a German owned manufacturer listed on the NASDQ.
- SOX documentation for US based company with Canadian operations. SOX scoping and planning for all international entities.
- Documentation of controls, policies & procedures in conjunction with an IPO in the UK as a precursor to the SOX engagement.
- Outsourced Internal Audit team of an international Oil & Gas company for Canada, France, The Netherlands, UK, South Africa and Dubai.
Whether a company holds corporate headquarters in the United States or abroad, Reliant Financial Consulting consistently delivers exceptional results for companies in advance of even the tightest deadlines. We provide co-sourced and outsourced solutions for handling all of the regulatory compliance efforts. Not only will a company’s expectations be met, but our team of financial and IT experts will present recommend improvements in business processes and procedures to help enhance ongoing compliance efforts.
Count on Reliant Compliance Solutions to:
- Deliver support for existing functional and organizational frameworks
- Develop better deployment of corporate assets and resources
- Enhance general and application IT controls
- Integrate SOX compliance with traditional internal audit programs
- Significantly reduce the cost of compliance by reducing redundant key controls
- Identify opportunities to implement accounting "best practices"
- Implement improved internal controls over financial reporting
- Develop sustainable processes that streamline regulatory compliance