Why rely on sample testing for Key Internal Controls and SOX Compliance when you could receive 100% factual conclusive information supporting management’s assertions and more?

We have developed an approach and application to reduce costs and implement a more effective ongoing Key Internal Controls and Sarbanes-Oxley compliance process. It reflects our practical experience in optimizing and automating the Internal Controls and SOX compliance process for a variety of public companies. It has been acknowledged/accepted by the Big 3 Accounting Firms KPMG, Deloitte and E&Y. Many of our clients have seen a 70% reduction in man hours spent on documenting internal controls and maintaining such evidential material. This includes both internal audit and your external audit fees.

In summary, you would receive:

1. 100% factual conclusive information supporting management’s assertions about general ledger account balances.
2. 100% factual assessment of the effectiveness of your Internal Control environment.
3. Optimize Internal Audit resources
   • Automated testing
   • Rationalize the number of internal controls per risk identified
   • Eliminate individual interpretation of controls
   • Independence of the auditors skill and experience level
   • Standardization of audit test procedures
   • Generating up-to-date, uniform audit documentation
4. Significantly reduce internal and external audit man hours due to reduction of detection risk and consequently reducing audit risk. Substantive testing will be reduced as the internal audit and external auditors can better rely on Internal Controls Over Financial Reporting(ICOFR).

Contact e-Biz Technologies for more information about Governance, Risk & Compliance and their GRC³ Enterprise Software