Sarbanes-Oxley Compliance

SOX 404 (b) Estimate Calculator: Weaver's 404 (b) Web Calculator is designed to gain information about your organization for Weaver's Risk Advisory Services Team to provide you an initial 404 (b) compliance estimate.

What is the value of partnering with an experienced Sarbanes-Oxley consultant?
Weaver can walk the walk and talk the talk. Our methodology is tried and tested. You can benefit from our Firm's experience in assisting accelerated filers with compliance.

At Weaver, our Risk Advisory engagements are designed to assist management and audit committees in assessing internal control risks, documenting processes for internal control over financial reporting, identifying control objectives and activities, the remediation of internal control gaps, and testing of internal control for  effectiveness. Our teams have participated in and completed Sarbanes-Oxley Section 404 compliance assessment projects for both large and small public companies.

Getting through a Sarbanes-Oxley compliance process efficiently involves the following key, high-level project steps to perform in the assessment project.

Non-Accelerated Filers
Sarbanes-Oxley Compliance – What can you learn from accelerated filers?
Sarbanes-Oxley compliance requires advanced planning and dedicated resources. In addition to time considerations, relying on internal staff to perform a project of this scope, on top of their ongoing job requirements, can seem overwhelming.

What do you really have to do to achieve Sarbanes-Oxley compliance?
For all companies, large and small, Section 404 has presented the greatest challenge of all the Sarbanes-Oxley requirements. Under this provision, management must identify, test and document their internal controls over financial reporting, and in a very legal sense accept full responsibility for the internal control structure of their company. In light of limited resources and looming deadlines, the compliance process can seem daunting.

What are the IT implications of Sarbanes-Oxley Compliance?
Among smaller companies without the same IT capabilities as their larger counterparts, a lack of documentation is common. IT systems are the backbone of general controls, which are the foundation of process controls.  Among many smaller companies, however, good controls over access, security, backup and systems changes are not always present. It is critical, however, smaller companies establish thorough documentation.