Accounting and Management Solutions
The Sarbanes-Oxley Act of 2002 reflects the growing concern among citizens and their elected officials that public companies need to be more accountable for the accuracy of their financial statements. There are several proposed rules and provisions to the act, but two that stand out as the priorities for many financial officers are:
Section 302,which requires CEOs and CFOs of public companies to attest quarterly and annually to their responsibilities for their internal control capabilities.
Section 404, which requires these companies to report annually on the effectiveness of their internal controls, and requires their auditors to attest to their assertion.
The SOXA Accelerator™ is a complete Web-based application for automating and enforcing the flow of work involved in auditing your internal controls. It simplifies and automates the auditing processes that underlie the requirements of Sarbanes-Oxley Sections 302 and 404, including such tasks as identifying key financial accounts, documenting risks, testing and evaluating internal controls, and tracking and resolving issues.
The SOXA Accelerator automates the data collection process with secure, easy-to-use forms, supports collaboration with project participants throughout the enterprise and with auditors, and manages the results in real time. The SOXA Accelerator can be deployed quickly and will reduce your time-to-compliance by streamlining and standardizing the data collection process across the organization and establishing an infrastructure for on-going monitoring and improvement.