Going public or preparing for SOX compliance requires an impressive amount of accounting and financial mastery. Let’s help you scale through the process with utmost ease!
What would you like others to know about working with A2Q2?
Everyone on the team at A2Q2 has been so fun to work with. “Fun” is a word you hear a lot because it is crazy for a team to take such complicated, mundane work and make it fun.
Normally accountants don’t want to deal with internal controls. But when it’s a fun experience people will get more engaged and buy into it. It’s just been really, really good.
What did you like about working with A2Q2?
I was particularly pleased with their assistance in preparing for updates to the CFO. A2Q2 gathered our feedback and collated our information in a way that was easily absorbed, accurate, clear, and concise.
– Nadine, Technical Accounting Senior Manager, Ripple
SOX 302
Disclosure Controls & the Disclosure Committee
CEO and CFO certify the financial reports
Going public is a journey and incorporating SOX 302 will become a matter of routine. Section 302 of the Sarbanes-Oxley Act requires your CEO and CFO to personally attest to the accuracy and reliability of the information provided in your financial reports – and that’s not all!
Attesting positively to inaccurate and unreliable information WILL get you in trouble. You’ll need to pay a fine, or face imprisonment, or both! This is why you MUST ensure that all controls relating to your financial reporting are 100% accurate and reliable.
SOX 302 compliance is a delicate process, but you can scale through with an effective Disclosure Committee.
Videos & Articles
- Why form a Disclosure Committee for SOX 302?
- What is the purpose of a Disclosure Committee for SOX 302?
- What are the responsibilities of the Disclosure Committee?
- Who is on the Disclosure Committee?
- When should you set up the Disclosure Committee?
- Who sets up the Disclosure Committee?
- Who runs the Disclosure Committee?
- How often does the Disclosure Committee meet?
- What are Disclosure Committee best practices?
How has your experience been working with A2Q2?
They always come prepared and are very professional, very personable, and approachable. SOX is a pretty dry topic, but I think the team really does their best to make sure that the relationship is going well and that the interaction between them and us and our auditors is going smoothly as well. Overall, my experience has been super positive.
SOX 404A & 404B
Internal Controls
Internal and external audits
Your journey to go public doesn’t just begin and end there. Becoming a public company offers you many benefits. Once you decide to go public, you MUST also prepare to be compliant with Section 404 of the Sarbanes-Oxley Act.
SOX 404 requires you to establish an adequate internal control environment. To do this, you must set up internal controls and procedures for your financial reporting and also document, test and maintain those controls and procedures to ensure their effectiveness.
This is why at A2Q2, we tailor our services to achieve all these by helping you create and sustain an efficient control environment by:
- Assessing activities in your financial reporting processes
- Documenting the process and controls
- Assessing for control gaps
- Creating a Risk Control Matrix (RCM)
- Conducting a walk-through to simplify complexities
Videos & Articles
How do I get ready?
What is required by SOX 404?
- What’s required in the first year for SOX 404A, part 1
- What’s required in the first year for SOX 404A, part 2
SOX 404 Timelines
- SOX 404A timeline for de-SPAC Emerging Growth Company (EGC)
- SOX 404B timeline for SPAC – first time as accelerated filer
- When are SOX 404B controls tested?
How does SOX affect my processes?
- SOX readiness for Clinical Trial Accrual (CTA)
- SOX readiness for Entity Level Controls (ELC)
- SOX readiness for Financial Statement Close and Reporting process
- SOX readiness for Fixed Assets Internal Use Software
- SOX readiness for HR Payroll Compensation
- SOX readiness for Inventory process
- SOX readiness for Order to Cash (OTC) process
- SOX readiness for Procure-to-pay (PTP) process
- SOX readiness for Stock Option Equity Stock Administration
- SOX readiness for Tax process
- SOX readiness for Treasury Cash Management
Others videos
- What happens when a control fails during a walk-through for SOX 404B?
- What happens when a control fails during Q2?
- What happens when a control fails during Q3?
- What happens when a control fails during Q4?
- Immediately after IPO, what key SOX provisions must an emerging growth company (EGC) follow?
- Immediately after IPO, what key SOX provisions must an accelerated filer follow?
de-SPAC & SOX 302
Disclosure Controls & the Disclosure Committee
CEO and CFO certify the financial reports
At A2Q2, our major goal is the simplification of the de-SPAC process. We accomplish this by supporting our clients with education and coaching before, during, and after the de-SPAC process.
GUARANTEED FINANCIAL REPORTING ACCURACY
When your executives sign a SOX 302 certification document, they are taking full accountability for the document. They are placing their personal reputation on the line to vouch for the document’s reliability.
ERROR-FREE 10K AND 10Q FILINGS
We take extra measures to ensure your 10K and 10Q are adequately filed to the SEC after being assessed by the Disclosure Committee. Running the Disclosure Committee is an ongoing activity, and we’re here to help set up the process with you.
Videos & Articles
- In a de-SPAC, why form a Disclosure Committee for SOX 302?
- After the de-SPAC, what is the purpose of a Disclosure Committee for SOX 302?
- After a de-SPAC, what are the responsibilities of the Disclosure Committee?
- Who is on the Disclosure Committee?
- For a de-SPAC, when should you set up the Disclosure Committee?
- In a de-SPAC, who sets up the Disclosure Committee?
- After a de-SPAC, who runs the Disclosure Committee?
- After a de-SPAC, how often does the Disclosure Committee meet?
- After a de-SPAC, what are Disclosure Committee best practices?