Sarbanes-Oxley (SOX) Compliance
With the rapidly changing world and the continuous evolving strategic, compliance, financial and operational risk landscape, it is imperative to have the right talent supporting your SOX compliance program.
Baker Tilly recognizes the need for a flexible approach. Key components to successful SOX compliance programs include collaboration with external audit and management, and a forward-thinking approach utilizing digital capabilities.
Technology is advancing and so should your SOX program approach. Utilizing digital capabilities to deploy an effective SOX compliance program can help reduce time and impacts to your company while providing a quality compliance program.
The needs of your company are evolving and perhaps your needs for supplemental resources to assist with SOX compliance may vary at times. We commonly see organizations need these types of assistance with SOX:
When working with clients, we often find the most successful compliance programs have collaborative relationships with management and external audit. Developing a collaborative relationship creates efficiencies for control owners and eliminates duplication of efforts. We work with external audit to support a reliance approach for the testing performed by internal audit.
Embracing technology and automation in your SOX Compliance program can yield significant time savings. The use of intelligent automation and automated controls through ERP workflows can create significant efficiencies.
They work collaboratively with us to identify opportunities to streamline our process and reduce our overall SOX compliance efforts on a continuous basis.Chief Financial Officer of a major public corporation
Baker Tilly and Workiva create value-driven offerings to transform and optimize an organization’s GRC functions and support their ESG journeys with enhanced reporting insights. Through our alliance, Baker Tilly and Workiva can help organizations streamline risk management processes and compliance reporting within a cloud-based platform.
Since we’ve transitioned to Baker Tilly, the team has helped us rationalize our control environment, update process documentation, and test the necessary controls. They also work collaboratively with us to identify opportunities to streamline.Chief Financial Officer of a public company