Case Study Five: Outsourced SOX Compliance and Internal Audit Expertise for a Real Estate Management Company

Summary Level

An SEC-registered real estate public company with approximately $15 million in revenue required outsourced internal auditing expertise to handle all compliance and internal control requirements. The company had limited accounting personnel and required best practices in implementing COSO and control monitoring solutions.

Details

An SEC registered real estate public company with revenue of approximately $15 million in revenue required outsourced internal auditing expertise to handle all compliance and internal control requirements. The company had limited accounting personnel and was interested in best practices in implementing COSO and control monitoring solutions.

We were engaged to Provide outsourced internal audit consulting services for Sarbanes Oxley (SOX) compliance.

We successfully implemented COSO and SOX requirements. Management was able to adopt a risk-based approach to efficiently utilize limited resources and implement entity level controls that enhanced the Company’s operations and management efforts. The Audit Committee of the Board of Directors continue to receive clear and concise updates on a regular basis and have expanded the role of internal audit to assist with special accounting improvement projects beneficial to the company and its accounting operations, such as going paperless with files and records.