Today more than ever, C-suite executives and board members are thinking strategically about compliance and how they can achieve a return on their SOX compliance investment. The following “red flags” reflect a cost perspective on SOX versus an ROI – strategic compliance perspective:
- Ongoing SOX compliance costs are equal to or higher than those in prior years
- The audit of financial statements does not appear to be coordinated with or benefit from the annual audit of internal control
- New pronouncements (PCAOB’s Auditing Standard No. 5) and related SEC guidance are not being leveraged to further streamline the SOX 404 compliance effort
- SOX compliance is viewed as an “annuity engagement” by your external SOX provider
If any of the above-listed red flags ring true for your company, J.H. Cohn’s proprietary
Strategic Compliance™ program can help you move from an
annuity model to a
turnkey SOX compliance model and thus achieve a positive ROI on your SOX investment.
Since the enactment of the Sarbanes-Oxley Act in 2002, J.H. Cohn has helped hundreds of companies—from small companies in the pre-IPO stage to large multinational accelerated filers—achieve compliance in a way that ensures optimized coordination among the audit committee, internal and external auditors, general counsel, compliance officers, internal control process champions, IT quality assurance personnel, and others.
If you want to make the move from being
reactive to being
strategic in your compliance effort, let a J.H. Cohn GRC professional show you how to refocus from a high-cost activity to a true company asset.