EisnerAmper is one of the nation’s largest auditors of SEC registrants and is a PCAOB-registered accounting firm.
Sarbanes-Oxley contains a number of sections related to internal controls. Quarterly certifications of disclosure controls and procedures are mandated by Section 302. Section 404 goes further, requiring management to annually assert that the internal controls over financial reporting are effective. Section 404 also requires that a company’s independent auditor issue a report that attests to management’s assertion on the effectiveness of the internal controls.
Clearly, the advantages of having a strong internal control structure in place are many. Internal controls, financial transparency and auditor independence can provide early awareness of potential fraud and are an asset to any business. Our Internal Audit Service approach is designed to support the internal control and financial statement assertions required by the Sarbanes - Oxley Act. We work with Public Companies to develop the documentation and evaluation of their systems of internal controls, working towards compliance with Section 404 of Sarbanes - Oxley.
The assessment describes each functional area within the organization and identifies potential exposure to operational and financial risks. We analyze the staff, the process and the internal controls of each area. Our report outlines the audit steps performed, describes the findings, makes recommendations to implement or correct a control step and includes management’s response to the comments.
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