SOX Consulting Service ensures your compliance to the Sarbanes-Oxley Act. Specifically,this Act mandates the integrity of Financial Results disclosed by Companies. It calls for the severe penalties both civil and criminal for the CXO’s who defraud and disregard the accuracy and completeness of the company financial system.
In SOX, two sections are relevant which are 404 (c) and 404 (d) which calls for the Segregation of Duties.
Panacea Helps You In Abiding SOX Act By
- Auditing and Reviewing your Financial Systems.
- Preparing Documentations.
- Collecting Evidence.
- Preparing for the Third-Party SOX Compliance Audits.
Firstly, we help you in managing the Administrative, Physical and Technical Controls to secure the financial systems. This will be at the Applications, Middleware technologies, and Database levels. Secondly, our experts will assist you with managing controls. These include Privileged access, User Access, Power access and Administrative accesses.
Furthermore, we also help you with identifying the Breaches, Fraud, and loss of controls in certain areas of your financial systems. Breach Notification is an increasingly important sector, and we help you with managing Breaches.
Finally, we also support you with client MSA and MSOW, and SOX Compliance internal audits.