In year 2002, the US Congress approved and passed the
(SOX) to protect the stakeholders from accounting errors and fraudulent practices in organizations, and to improve the accuracy of corporate disclosures.
The best plan of action for SOX compliance is to have the appropriate security controls in place to ensure that financial data is valid, accurate and protected against loss. Developing best practices and relying on the appropriate tools helps businesses automate SOX compliance and reduce SOX management costs.
AuditSAP services focused on the individual client needs through readiness assessments, through documentation and testing assistance and through sustainability assessments.
- Readiness assessments are used to determine how well prepared the organization is to implement a SOX compliance program. It is designed to highlight gaps, and make recommendations, to help clients ensure implementation of a successful SOX compliance program.
- Documentation and testing assistance is designed to help management support their assessment of their organization’s compliance with SOX requirements.
Sustainability assessments are designed to help clients evaluate and improve on their initial SOX compliance efforts.