Since its implementation in 2002, Sarbanes-Oxley (SOX) has proven to be extremely expensive for organizations to implement and sustain, particularly with regards to section 404, which strictly regulates requirements with respect to internal controls over financial reporting.
McConnell & Jones LLP understands the impact that SOX compliance has had on both public and private companies. Our seasoned professionals can provide project management to steer your SOX compliance efforts, report on the progress, identify potential deficiencies and corrective actions required, and facilitate implementation. We also can conduct testing of internal controls and management assertions. Additionally, for American companies with entities located in Japan, we provide J-SOX compliance services.
In accordance with the Public Company Accounting Oversight Board (PCAOB) Auditing Standard No. 5, McConnell & Jones applies risk-based analysis and mapping of processes and controls to the financial statements. Our methodology takes a top-down, entity-wide approach to identifying, documenting, and testing internal controls. Our methodology also incorporates the COSO framework into this approach.