Our SOX and J-SOX Services provide end-to-end support to ensure compliance, strengthen financial governance, and enhance internal controls. We address critical aspects such as Process Controls, Organization Controls, and IT General Controls, ensuring robust compliance and operational efficiency.

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1. Internal Control Design and Implementation:

   • Assessing existing control environments to identify gaps in financial, process, organizational, and IT controls.

   • Designing and implementing controls aligned with the COSO framework and J-SOX standards to improve reliability and compliance.

2. Process Controls:

   • Establishing and evaluating key controls within financial and operational processes to ensure accuracy and consistency in reporting.

   • Standardizing workflows for critical processes such as revenue recognition, procurement, and payroll.

   • Integrating automated controls within processes to reduce manual intervention and errors.

3. Organization Controls:

   • Reviewing and strengthening governance structures to ensure accountability and compliance.

   • Defining roles and responsibilities for key personnel to enhance oversight of financial and operational processes.

   • Establishing approval hierarchies and segregation of duties to minimize risks of fraud and errors.

4. IT General Controls:

   • Access Management: Implementing user access controls to safeguard financial and operational systems.

   • Change Management: Establishing robust procedures for IT and application changes to ensure all modifications are authorized and documented.

   • System Operations and Security: Evaluating system reliability, data backups, disaster recovery plans, and security measures.

   • Data Integrity: Validating data accuracy and security through controls on automated processes, interfaces, and inputs.

5. Risk Management and Mitigation:

   • Conducting risk assessments to prioritize focus areas in financial, operational, and IT environments.

   • Developing and implementing risk mitigation strategies integrated with business operations.

   • Monitoring key risk indicators (KRIs) for sustained compliance and operational integrity.

6. Documentation and Process Standardization:

   • Creating and maintaining comprehensive documentation for process, organizational, and IT controls to meet regulatory standards.

   • Standardizing workflows and control mechanisms across departments to enhance consistency and compliance.

7. Audit Readiness and Coordination:

   • Preparing organizations for audits through mock evaluations and control validations, including process and IT controls.

   • Assisting with documentation, walkthroughs, and communication with auditors.

   • Addressing findings and implementing remediation strategies efficiently.

8. Continuous Compliance Support:

   • Conducting periodic assessments to adapt to evolving SOX and J-SOX requirements.

   • Offering targeted training programs to build team competency in financial, process, organizational, and IT controls.

   • Identifying and implementing improvements to streamline compliance efforts and enhance overall operational performance.

9. External Audit Services:

   • Acting as an independent external auditor, we provide objective assessments of your financial reporting and control systems.

   • Offering assurance services to evaluate compliance with SOX and J-SOX requirements, including financial, operational, and IT controls.

   • Delivering detailed audit reports with actionable insights to enhance internal controls and ensure stakeholder confidence.

   • Providing ongoing support to address audit findings and implement long-term improvements in governance and compliance frameworks.

Partnering with ITGRC Advisory Ltd. ensures your organization meets SOX and J-SOX requirements while building a resilient internal control environment. Contact us today to strengthen your financial governance and compliance efforts.