Growth

SOX compliance may not seem like a very interesting topic to most people, but it’s really one of the most vital drivers of success and growth for your company.

As a public company or one preparing to go public, the SOX act requires you to identify financial errors that could impede or hurt investors. This is to mitigate and eradicate the prevalent financial scandals that rocked the financial world in the previous decade.

Being SOX compliant, going public is a tough process. It takes time, and it takes the highest attention to detail. But that’s where A2Q2 comes in.

We give your stakeholders the education, training and coaching they need to build, enjoy, and sustain scalable processes. In essence, we simplify the complexities of SOX compliance to ensure that your team has the tools to scale successfully.

RUN YOUR BUSINESS MORE SYSTEMATICALLY, LOGICALLY, AND EFFICIENTLY

Conducting an annual or quarterly risk assessment of your company’s internal financial controls is the bedrock of SOX compliance. This compliance motivates businesses to have step-by-step scrutiny of their entire businesses to identify areas where risks could occur and to procure effective solutions.

This process requires an excellent understanding of business procedures. In-Depth knowledge and guidance from our seasoned experts at A2Q2 can help you achieve unrivaled efficiency.

DISCOVER REDUNDANCIES AND PROPERLY ADDRESS THEM

Organizations tend to have certain redundancies that might not manifest ordinarily unless a thorough examination is executed by carrying out a SOX compliance test. Two of your team members might be reconciling accounts without either one finding out that the same process is being carried out by another entity. Redundancies of this nature tend to mitigate efficiency.

A2Q2 will help you identify these redundancies and sort them out to achieve better efficiency.

DISCOVER AREAS THAT NEED IMPROVEMENT

While conducting a SOX compliance test, we will help you discover areas that need better attention and manpower. We will also help you identify areas that may be getting more attention than actually needed.

This process is undoubtedly one of the most important growth drivers for an organization. Diverting better attention to areas that will aid better efficiency and ensure growth.

SEGREGATION OF DUTIES

For SOX compliance and readiness, segregation of duties for manual controls is quite requisite. This makes sure that only one person cannot create a vendor, approve their invoice, and then disperse or approve checks.

Reducing the excessive workload on a single person or a department would go a long way in aiding productivity and heighten growth.

ESTABLISH AN EFFICIENT FINANCIAL REPORTING SYSTEM

The major objective of SOX is to ensure accuracy and crystal clear financial reporting. Filing a candid financial report will help your organization gain more public trust which in turn will drive growth.

At A2Q2, we break down SOX complexities and arm you with the necessities to file an accurate report.

FORGE BETTER WORKING RELATIONSHIPS AND BOOST PRODUCTIVITY

The entire process of driving growth in an organization is not a one-man’s job. It requires lots of teamwork, sacrifice, and cooperation among employees. The SOX compliance process can help you achieve this as it requires a lot of departments and people working together to accomplish a common goal.

SOX compliance requirements motivate employees and build stronger working relationships across teams and also aids better communication. This in turn will augment productivity and growth.