New Survey Finds SOX Compliance Efficiency Still Eludes Many Organizations — Although Digital Leaders Have an Edge
The global health crisis has disrupted businesses in many ways — and the impacts are likely to be long-lasting. But one thing that’s remained constant for many organizations is the need to maintain compliance with Sarbanes-Oxley (SOX) requirements. We’ve seen notable changes over the past year and a half in how organizations are approaching their […]
SOX Compliance Under COVID-19: Considerations for Completing Quarterly Assessments
A question receiving heightened attention recently is the quarterly evaluation of deficiencies identified in companies’ Sarbanes-Oxley (SOX) programs. Many organizations are considering whether a formal quarterly control deficiency analysis needs to be performed and documented to the same extent as the annual control deficiency analysis. In this blog, we provide a brief reminder on guidance […]
SOX Compliance Under COVID-19: The Show Must Go On (Part 2)
Although the Securities and Exchange Commission (SEC) granted one 45-day extension for public companies subject to Sarbanes-Oxley (SOX) reporting requirements, the regulator still expects companies to appropriately protect investors and public interest by maintaining the full rigor of internal control requirements. As a result, there are a number of challenges that need to be addressed. […]
SOX Compliance Under COVID-19: The Show Must Go On (Part 1)
Although the Securities and Exchange Commission (SEC) granted one 45-day extension for public companies subject to Sarbanes-Oxley (SOX) reporting requirements, the regulator still expects companies to appropriately protect investors and the public interest by maintaining the full rigor of internal control requirements. As a result, a number of challenges need to be addressed. I had […]
SOX Compliance: Consider COVID-19 Impact on Management Review Control Execution
The far-reaching impact of the COVID-19 pandemic has resulted in great economic uncertainty for numerous organizations around the globe. In earlier blogs in this series, we have talked about the importance of continuing to execute and document the evidence of internal control activities, even if the activities or evidence looks different than in the past. […]
SOC Reports: Anticipating Challenges Can Help Minimize Disruption of SOX Compliance Programs
Many organizations outsource business processes and obtain SSAE 18 Service Organization Control (SOC) 1 reports. Due to the COVID-19 pandemic, some of these SOC-1 reports may either be delayed in their issuance, as external auditors navigate the new remote working environment, or contain adverse opinions due to changes in controls at the service providers as […]
