How to fix your SOX program: rebuild, rightsize or move forward

Recently, the SEC’s Office of Inspector General issued this report summarizing its audit of Corp Fin’s disclosure review program. The purpose of the audit was two-fold as to whether the review program: 1Concentrated its resources on critical disclosures by implementing a risk-based process for selecting and reviewing filers’ periodic reports and transactional filings, and; 2. Met its statutory requirements for reviewing filers’ financial statements within the most recent three-year period under Section 408 of Sarbanes-Oxley. Learn the IG's recommendations in this blog #corpgov https://lnkd.in/eGcRvF24

If you manage internal controls at a SOX 404-compliant company and are still using manual processes, it's time to consider SOX Focus — a smarter way to save time and reduce costs.

You can switch accountants during an audit. It won’t raise alarms. Auditors care more about what’s true than who’s defending it. They expect people to bring in better help when things get serious.

Corp Fin’s Q&A clarifies how to seek emergency waivers under Rule 3-13 during the shutdown. See our strategic insight in our latest Hot Topic. #audit #kpmgfrv https://bit.ly/4h5WUGJ

Missed deadlines, audit failures, lost contracts… compliance can feel like a haunted house full of jump scares. But MSPs who prepare their clients today can guide them safely out the other side. See what’s changing in 2025–2026 and how to prepare: https://ow.ly/u4JS50Xh4gw

The Compliance Question Too many “benefit hacks” sound good but create IRS headaches later. EHP is 100% IRS compliant. That means: - Zero compliance risk - Fully documented structure - Confidence for your CFO and CPA Smart benefits are great. Smart and compliant benefits are even better. #IRSCompliant #EmployeeBenefits #BusinessSecurity

How can Internal Audit maximize its value and move beyond checklist compliance? The answer lies in strategic audit scoping. By deeply understanding and appropriately scoping the audit, we achieve three critical outcomes: > *Right-Sizing Priorities: We ensure audit efforts and limited resources are directed toward the most critical areas. > * Targeted Risk Response: We establish a clear plan to assess risks based on their material financial significance. > * Enhanced Impact: We drastically improve audit efficiency and significantly increase the likelihood of uncovering material findings that can directly affect the company's financial health and stability. What's your firm's biggest challenge in defining audit scope? Do share your perspective! #InternalAudit #RiskManagement #AuditScoping #FinancialRisk #InternalControls #AuditPlanning #Sox #Compliance

Stop Guessing, Start Confirming: Why ISA 505 is Non-Negotiable If you're diving into the world of audit and finance, you know that evidence isn't just a game of chance—it's a strategic play where ISA 505 is your MVP! Think of external confirmations as your golden tickets to the truth, straight from the horse's mouth—or rather, the bank's, customer's, or supplier's. Here's the scoop: Auditors use these confirmations to bypass any internal smoke and mirrors, securing reliable evidence that's as solid as a rock. The secret sauce? Control! Auditors keep a firm grip on this process, crafting the request, sending it off, and eagerly awaiting a direct reply, all without any client peeking over their shoulders. Now, let's talk types: Positive confirmations require a response, no ifs, ands, or buts, making them the heavyweight champs of evidence. And if any exceptions pop up? They're not just admin hiccups—they're the grand finale of your audit dance, demanding a thorough investigation. So, finance teams, gear up! Your role in ensuring swift, accurate responses from your external pals can make or break the audit timeline. Embrace ISA 505, and together, let's transform those audit mysteries into confirmed realities. #ISA505 #AuditEvidence #ExternalConfirmations #Auditing #FinancialReporting #AuditQuality

Why Auditors Need the SOX Law 🛡️ Ever wonder why auditors are so obsessed with internal controls? Thank the Sarbanes-Oxley Act (SOX), passed back in 2002 after huge scandals like Enron. SOX basically makes sure the bosses (senior management) can't hide bad financial stuff. The law forces them to personally certify that the company's financial reports are honest and that the Internal Controls Over Financial Reporting (ICOFR) are working. If they sign off, they're saying: "We've checked the systems, and we're sure the numbers are right." It's all about protecting the everyday investor! 💰 📈 #SOX #InternalControls #GRC #InvestorProtection