Many companies underestimate the cost of first year compliance. Quartus can advise on ensuring that costs in year two and subsequent years are controlled and reduced. The most successful measures include:-
Our experience of managing and delivering SOX projects for year 1 compliance also enables us to advise on the ways in which costs can be reduced through better planning and delivery, as well as building processes which ensure sustainability in future years.
Quartus has valuable experience in increasing the use of automated links between transactional systems and in monitoring system transactions and balances. When managed effectively this creates a SOX compliance framework that is far less dependent on high risk manual intervention and testing. This in turn creates an accounting and reporting environment that provides management with faster, more frequent and more accurate data.
As these benefits are usually generated via improved information systems they are dependent on technology and infrastructure changes. Quartus consultants have the project management experience to set the scope and coordinate this activity. As this work often involves substantial IT investment, Quartus can ensure these mini projects generate valuable management data, including non-financial measures for operational management.
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