Sarbanes-Oxley Compliance

Since the collapses of some of the largest companies in the world, like Enron, WorldCom etc, the United States Government introduced the Sarbanes-Oxley ("SOX") legislation in 2002. The SOX legislation intends to tighten up companies' internal controls over financial reporting and generally applies to corporations that are listed in the U.S. stock exchange.

Companies are required under the SOX legislation to certify annually that their internal reporting framework and controls are effective. The SOX certification is subject to audit clearance by the company's external auditors.

Aspiron Consulting Group has extensive experience in assisting companies through the internal SOX testing, evaluation and remediation processes. We have worked with some of the largest companies in the world in coordinating and performing independent testing to the satisfaction of their external auditors.

Many companies, when they first undertake SOX compliance activities, done so purely for compliance reasons and/or under the directive from their U.S. parents. Often the audit objectives were not aligned with the company's corporate directions, which result in a divergence of efforts and insufficient value-add to the company's performance.

For companies that have embedded the SOX process in their internal audit and management process, the next question often asked by their Executives is how they can extract the value from the substantial investments they have made in strengthening the internal control frameworks.

Aspiron Consulting Group can assist you in reviewing your SOX compliant internal control framework and re-aligning it with your corporate objectives to extract maximum value from your investment already made.