SOX/Internal Control Services
Internal control is not a new concept or a new responsibility for management. The need for a strong system of internal controls that considers the risks an entity faces, including fraud and technology, has not changed. In 1992, the first version of the report on Internal Control – Integrated Framework by the Committee of Sponsoring Organizations of the Treadway Commission (COSO Report) was issued. The COSO internal control framework serves as a benchmark for entities in today’s business environment. So if internal control isn’t new and internal control frameworks have been widely published for years, what has changed?
Cherry Bekaert recognizes the challenges facing entities in today’s environment and has designed a continuum of internal control services to complement our Risk Advisory suite of services. The internal control service continuum allows us to adjust the engagement depth and breadth to meet the unique needs of your organization – from a simple review of internal controls for a not-for-profit organization to a full-blown Sarbanes-Oxley Section 404 (SOX 404) implementation project. Our professionals are up-to-date on the regulatory challenges facing your organizations, and we will work with you to design a service that is right for your needs.