Sarbanes-Oxley (SOX) Compliance

When the dust settled in the aftermath of the 1990s, investors were confronted with unsettling news: The meteoric growth they'd witnessed had been fueled by dubious accounting practices or even outright fraud. WorldCom and Enron dominated the headlines, compounding worry over a shaky economy and eroding investor confidence. To help alleviate investors' concerns and provide a more effective regulatory framework for business operations, the U.S. Congress signed the Sarbanes-Oxley Act into law on July 30, 2002. While some of the law's particulars are still evolving, the message is clear: Improving your business credibility by adhering to Sarbanes-Oxley must be one of your top priorities.

The Sarbanes-Oxley Act was developed to address all the complexities of investor reporting — not to mention individual accountability and integrity. WebLinkOnline Solutions can assist you in evaluating your business processes, controls, financial and accounting systems, and other IT systems to identify regulatory gaps, and make appropriate compliance recommendations.

WebLinkOnline can help you comply with key sections of the Sarbanes-Oxley Act:

Section 302:

• Reporting limitations

• Evaluate accounting and financial software

• Information integrity

• Corporate governance and accountability 

Section 404:

• Insufficient internal controls management

• Organizational duties and division of responsibilities

• Lagging document management strategies

Section 409:

• Disclosure of material changes in financial conditions or operations

• Inadequate monitoring capabilities

• Obscured or limited visibility

• Lack of predictability - clear view of end-to-end business performance

• Lines of communication for reporting material events in real time

• Organizational culture - fear of reporting bad news up the chain of command

WebLinkOnline Solutions has the knowledge and experience to help assist you in addressing the requirements of Sarbanes-Oxley. Our combination of industry know-how, strategy, process and technology makes us uniquely qualified to support your Sarbanes-Oxley initiative, and transform your business into a transparent, real time, on demand environment to meet regulatory requirements.

Our Transformation Framework

In addition, we offer our framework methodology, the Comprehensive Delivery Framework (CDF) ^TM which enables us to help you quickly evaluate your business processes and supporting IT solutions, and identify where improvements need to be made. CDF is user-friendly and comprises of fully integrated set of processes and modeling techniques that helps you to implement changes to your business processes and IT systems.