HR, Legal & Operations

Preparing to go public or already public? We can save you the heartbreak of legal action resulting from an ineffective control environment.

New to IPO & SOX?

Public company readiness or SOX 404 readiness required activities part 1

What SOX 404 activities are recommended and required for a company preparing to be public or in pre-IPO stage? Here's part 1 of the overview
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ESTABLISH AND MAINTAIN AN OPTIMAL CONTROL ENVIRONMENT

Human Resources(HR) plays a major role in building up, reinforcing and improving the nature of an organisation. The duties of an excellent HR personnel includes training and development, payment of salaries, performance management, analyzing benefits, risk and safety control and management, employee satisfaction recruitment, onboarding and reinforcing the values of the business.

This is why a first-class HR department is indispensable to your company. They ensure that every team member is accurate, reliable and on track with their responsibilities. This is what the HR department does, and that is the key to a stable control environment.

In addition to having an efficient HR team, you need an HR Information System(HRIS). This helps your team to manage access to employees and payroll. On the employees side, it handles approving employees, editing page changes, and increasing or decreasing. On the payroll side, it handles access to adding employees, removing employees, and making sure all pay amounts are accurate and complete.

At A2Q2, our team of HR specialists are here to guide you through the entire process. We are experienced, seasoned, and knowledgeable professionals. Let us help you look for deficiencies in your processes, and implement systems to bolster them.

Immediately after your merger is approved you become a public company. At this point, you need to have the disclosure committee setup – Or even better, have it set up beforehand.

The key responsibility of the disclosure committee is to collect all financial information to make sure all of your disclosures are complete and accurate in your 10K and your 10Q. This is necessary to avoid legal penalties.

Legal and operations take charge of this whole process and look for gaps that the SEC may flag. These gaps may even open up the administration of your company to lawsuits. If any gaps are found, the consequences will shake your company to its core – AND we don’t want that!

That is why our professionals at A2Q2 professionals are up and ready to offer you their expertise.

New to SPAC & SOX?

In a de-SPAC, why is the Disclosure Committee important for SOX 302?

After a de-SPAC, what is the importance of a Disclosure Committee for SOX 302? What are potential penalties if disclosure controls don't exist or if 10K or 10Q are wrong?
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SOX 302

Disclosure Controls & the Disclosure Committee

CEO and CFO certify the financial reports

Section 302 of the Sarbanes-Oxley Act requires that your management personally attest to the completeness and accuracy of your financial reports. In order to assist the CEO and CFO gather the required data, typically a Disclosure Committee is set up.

A Disclosure Committee is not required by the SEC, but we highly recommend one. They can be a valuable tool to ensure that controls relating to your financial reports are in place and functioning as needed.

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 404

Disclosure Controls & the Disclosure Committee

CEO and CFO certify the financial reports

ESTABLISH AND MAINTAIN AN OPTIMAL CONTROL ENVIRONMENT

Human Resources (HR) plays a major role in building up, reinforcing and improving the nature of an organization. The duties of an excellent HR personnel includes training and development, payment of salaries, performance management, analyzing benefits, risk and safety control and management, employee satisfaction recruitment, onboarding and reinforcing the values of the business.

In addition to having an efficient HR team, you need an HR Information System (HRIS). This helps your team manage access to employees and payroll. On the employees side, it handles approving employees, editing page changes, and increasing or decreasing. On the payroll side, it handles access to adding employees, removing employees, and making sure all pay amounts are accurate and complete.

At A2Q2, our team of HR specialists are here to guide you through the entire process. We are experienced, seasoned, and knowledgeable professionals. Let us help you look for deficiencies in your processes, and implement systems to bolster them.

de-SPAC & SOX 302

Disclosure Controls & the Disclosure Committee

CEO and CFO certify the financial reports

NAVIGATING AWAY FROM LEGAL ACTION

Immediately after your merger is approved you become a public company. At this point, you need to set up your disclosure committee set up – or even better, have it set up beforehand.

The key responsibility of the disclosure committee is to collect all financial information to make sure all of your disclosures are complete and accurate in your 10K and your 10Q. This is necessary to avoid legal penalties.

Legal and operations take charge of this whole process and look for gaps that the SEC may flag. These gaps may even open up the administration of your company to lawsuits. If any gaps are found, the consequences will shake your company to its core – AND we don’t want that!

That is why our professionals at A2Q2 are ready to offer you their expertise.

Send your inquiry to [email protected]

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