Room for Improvement

A recent study by the Financial Executives Research Foundation highlights the opportunities for many companies to improve the effectiveness and efficiency of their Sarbanes-Oxley (“SOX”) Compliance programs. In this week’s edition of Compliance Week, the study was examined and those interviewed in the article all agreed that room for improvement still exists.  The four main areas of improvement for most programs are:

  • Transforming controls to focus less on manual controls and more on automated and entity-level controls;
  • Consolidating processes into a reduced number of systems or a reduced number of locations, through a shared-services or business process outsourcing approach;
  • Adopting more sophisticated testing strategies, including remote testing; and
  • Conducting SOX testing work more deliberately and selectively.

Wheelhouse Advisors is uniquely qualified to provide cost-effective solutions in each of these areas.  Visit our website at www.WheelhouseAdvisors.com to learn more.

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About Wheelhouse Advisors
Wheelhouse Advisors LLC is the publisher of The ERM Current™, an online publication and blog dedicated to providing the latest updates on current trends in Enterprise Risk Management & Control. Wheelhouse Advisors provides cost-effective Enterprise Risk Management & Control solutions to both large and mid-size corporations. To learn more about Wheelhouse Advisors, please visit our web site at www.WheelhouseAdvisors.com.

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