Case Study Thirteen: SOX Internal Control - Smaller Reporting Company (SRC)

SOX Internal Control

Details

An SEC-registered public company on the verge of bankruptcy required outsourced internal control and compliance expertise to document management's monitoring of internal controls. The company had limited resources and accounting personnel and required an efficient approach to ongoing Sarbanes Oxley (SOX) Compliance efforts.

Engaged to provide expertise & leadership for internal control and compliance.

• Provided leadership for SOX compliance services for 2 years until the company ultimately filed for bankruptcy and was delisted from the stock exchange 
• Management was able to adopt a risk-based approach to efficiently utilize limited resources and implement entity level controls, which enhanced the Company’s operations and management efforts 
• The Audit Committee of the Board of Directors received clear and concise updates on a regular basis