After the Sarbanes-Oxley Act of 2002 was passed into law, publicly held companies in the U.S. were held to a higher standard of accuracy in financial reporting. More recently, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) updated its internal controls framework, providing more specific guidance on establishing sound, cost-effective deterrents to improper financial activities. At Soren McAdam, our CPAs carefully monitor this regulatory environment, enabling us to confidently help clients’ organization optimize their internal control systems.
In any internal controls engagement, our team will start by asking thoughtful questions about your business, control environment and activities, risk assessment, monitoring and communication. This process allows us to evaluate current state effectiveness, while uncovering gaps that can be closed to provide a stronger overall control system. After we deliver our recommendations, we can also provide monitoring support to make sure any new control environment is ready to meet current – and future – threats.
If you’re ready to work with an audit partner who knows your name as well as your industry, contact Julia Cox at 909-798-2222. Our team’s risk-centric approach will help your company leverage cost-effective internal controls to ensure compliance without hindering operational performance.