At A2Q2 we love sharing our mastery of all things related to finance, accounting, internal controls, SOX compliance, and more!
Learn the world of SOX through our video series.
Each video has a transcript so you can follow along, study as you go, and copy for easy reference.
Process owners often ask us what the auditors are going to ask them during the walk-through. These are the top 6 questions to keep in mind as you prepare for a walk-through with your auditors. Click here to watch the video. It’s easier to understand if you are an audio/visual learner. The content below is…
Here are a few key items you need to know about SOX 404B compliance. Read below to find out who it applies to and how to do it. What is SOX 404B compliance? Who must be SOX 404B compliant? What are the criteria for Accelerated Filers? Do Emerging Growth Companies have to comply with SOX…
You are going through an M&A transaction and wondering, “What are the top 5 mistakes to avoid, from a SOX internal controls perspective?” I suggest you watch the video. It’s easier to understand if you are a visual/audio leaner. The content below is the same as the video. It’s for those who learn by reading.…
You are going through an M&A transaction and wondering, “What are the top five mistakes that can be found by external auditors?” In an M&A there are typically 16 types of documents, or types of information, that will be used. In this video we will go over examples of how to provide evidence that you…
As you are going through your M&A process, you may be wondering, “What are the top five mistakes you can make along the way that your external auditors can find related to SOX?” I suggest you watch the video. It’s easier to understand if you are a visual/audio leaner. The content below is the same…
As you are going through your M&A process, you may be wondering, “What are the key controls I should be paying attention to so that I can pass SOX easily?” I suggest you watch the video. It’s easier to understand if you are a visual/audio leaner. The content below is the same as the video.…
You are about to do an acquisition and are wondering, “What are the top tips that you should be looking out for so you can successfully pass internal controls, or SOX compliance, at the end of the transaction?” We have written up the key points from the video below and show three sample flowcharts to…
What’s the recommended timeline for a company with a Dec 31 year-end that went public through a SPAC (special purpose acquisition company) in January to June and is subject to SOX 404B? Why is it critical to nail quarterly controls? What are the windows of opportunity to implement quarterly controls? I suggest you watch the…
Struggling with your quarterly User System Access Review? We have some tips and a template that can help! How can you quickly document that you did a good review of the users in your system and that you removed the ones who needed to be removed? Below is an outline of the process. A “good…
Entity Level Controls – SOX 404 Readiness What internal control or SOX 404 activities are required and recommended for the Entity Level Controls process of a company preparing for an IPO or public company readiness? Sub-processes include: Audit Committee Authority matrix, organization structure Board of Directors composition Disclosure Committee Policies and procedures Tone at the…
Financial Close and Reporting – SOX 404 Readiness What internal control or SOX 404 readiness activities are recommended or required for the financial statement reporting close process of a company preparing for an IPO or public company readiness? Sub-processes include: Chart of accounts management Journal entry creation and approval (important to have the person approving…
Common forms: Form 8K – Report of Unscheduled Material Events or Corporate Changes Form 10K – Annual Report Form 10Q – Quarterly Report Form 4 – Statement of Changes in Beneficial Ownership (remember, you own your own data. Even though the company fills it out, you own the data.) Form 10K / 10Q Basics The…
In a nutshell, SOX 302 requires that your CEO and CFO attest to the accuracy and completeness of your financial statements. In order to execute that responsibility companies often form a Disclosure Committee to assist in gathering information, reviewing reports, and ensuring internal controls are in place. Keep reading below for more information on what…
