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Compliance with Section 404 – Management
Assessment of Internal Controls - has been a formidable challenge for
organizations of all sizes; more so for complex, multi-product, multi-location
organizations.
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Section 404 compliance is not a one-time effort;
therefore, it places organizations under tremendous pressure to reduce
compliance costs. This is a ‘catch 22’ situation as reducing compliance
costs can compromise standards.
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Initially, the focus was on meeting regulatory deadlines,
but short-term ‘mere compliance’ approaches cannot
yield long-term benefits. Organizations need to align
and associate Section 302 quarterly certification
processes with Section 404 annual attestation exercises
to maximize benefits.
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i-flex Consulting can assist your company in
formulating a sustainable Sarbanes-Oxley Act compliance program that:
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is top-down and risk based |
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focuses on identifying effective and efficient controls |
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targets continuous improvement and streamlining of processes |
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effectively utilizes compliance automation opportunities |
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benchmarks itself against best practices in the industry |
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improves the compliance profile in a cost-effective manner |
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Our SOX Section 404 consulting
practice can help you address all the challenges associated with SOX.
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