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SOX Governance & Organization – provides recommendations and assistance on establishing the appropriate ongoing governing structure in accordance with SEC guidelines. This includes identifying and outlining the roles and responsibilities for: |
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Management, including Senior Officers and Board of Directors; |
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Audit Committee, Steering Committee, and the SEC recommended Disclosure Committee. |
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Internal Audit and External Public Accountants, including clarification of the latter’s requirement for independence. |
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SOX COSO Support – provides independent expertise on the internal control framework developed by The Committee of Sponsoring Organizations (COSO) of the Treadway Commission. APPRIMUS CONSULTING personnel can function in an advisory capacity as part of the overall project team or steering committee to insure the proper understanding and application of this SEC recommended Internal Control – Integrated Framework. |
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SOX Project Management/Support – provides seasoned Project Managers to assist clients in effectively managing projects covering the spectrum of Sarbanes – Oxley activities. These include Project Management Professionals (PMP) certified through the Project management Institute (PMI), with a blended expertise in both regulatory compliance, technology, and functional business experience throughout a multitude of industries. |
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SOP Sarbanes-Oxley Program (Section 302/404) – provides an automated internal control framework and foundation to support management’s responsibility for establishing and maintaining “disclosure controls & procedures” and “internal control over financial reporting”. APPRIMUS CONSULTING offers the automated Sarbanes-Oxley Program (SOP), developed by The COBRE Group to facilitate this internal control framework. This tool, viewed through an Interactive Tour at www.cobre.com, includes a complete on-line repository based on the COSO Internal Control Framework guidelines, provides “best-in-class” templates outlining key financial processes, with audit control points clearly identified and defined. |
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SOX Annual Assessment (Section 404) – provides a recommended structure, along with experienced staff and automated tools, to assist in the completion of the required annual internal control report for attestation and inclusion in the company’s annual report. Activities supported include: |
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Identification of required control points within those processes, based on the recognized internal control framework as developed by the Committee of Sponsoring Organizations (COSO). |
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Verification of efficacy through a tailored testing exercise, to include a gap analysis of material weaknesses, along with recommendations for corrective action. |
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Generation of an Internal Control Effectiveness & Compliance Report, for review and attestation by the company’s independent auditor. |
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The benefits derived from adherence to the Sarbanes-Oxley Act can go beyond just regulatory compliance. During the evaluation of the effectiveness of internal controls, management can also utilize the results to identify improvements in process effectiveness and efficiency to reduce costs and increase productivity. These same results can be leveraged by APPRIMUS CONSULTING in a Business Processing Reengineering (BPR) analysis to generate byproduct benefits such as: |
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