Who is Subject to SOX?

Public US Companies

Companies traded publicly in the US are subject to the Sarbanes-Oxley Act (SOX) which requires a program of internal controls over financial reporting. Management must certify quarterly to the effectiveness of their controls program. Annually, an external auditor must audit the controls program.

Public Foreign Companies

Local versions of the Sarbanes-Oxley Act (SOX) have been enacted in several nations, including Japan, China, the Philippines, Canada, the UK, Australia and the EU, each of which requires a program of internal controls over financial reporting.

Private Companies

While private companies are not subject to the Sarbanes-Oxley Act (SOX), a strong program of internal controls over financial reporting is an effective anti-fraud initiative as well as a strategic step toward future acquisition or public trading.

About Our SOX Services

Financial Controls Design
Monitoring Compliance
Audit Coordination

Financial Controls Design

Establishing Your Financial Controls

Group 1 helps companies establish a correctly scoped system of internal controls over financial reporting, including relevant IT general controls. The end product is a properly designed and documented controls system that the company can easily operate.

Monitoring Compliance

Verifying Controls Effectiveness

Group 1 performs periodic controls assessments to help public companies meet regulatory requirements for controls monitoring. The outcome is assurance of properly operating controls and remediation plans should controls be compromised.

Audit Coordination

Assisting Auditors

Group 1 provides complete program management for your internal controls program including the management of external audit requests, questions and findings and the evaluation of deficiencies. The result is a smooth and successful SOX audit.