Sarbanes-Oxley Compliance
Recent Sarbanes-Oxley regulation directly impacts almost every area of the financial services sector. It is broad legislation focused on corporate governance and enterprise risk management. Elements of Sarbanes-Oxley regulation requirements call for stringent record keeping and accounting as well as increased responsibility in the area of internal auditing. Sarbanes-Oxley has spawned an entire industry as a result.

When the Sarbanes-Oxley regulation reforms were signed into law in 2002, few were aware of the tremendous impact they would have on the business community. New Sarbanes-Oxley regulation requirements created the need for new software solutions. Professional Sarbanes-Oxley consultants, lead by Paisley, have the tools required to meet this legislative challenge to Sarbanes-Oxley compliance.

Sarbanes-Oxley regulation reforms designed to crack down on unethical corporate practices have also increased penalties for those found guilty of corporate fraud. For example, under the Sarbanes-Oxley Act, the penalty for certifying an annual report which is later proved misleading may be up to 10 years in prison. These requirements, and the consequences of failing to comply, have had a measurable impact on corporate auditors and given rise to the need for professional Sarbanes-Oxley consultants.

Experienced Sarbanes-Oxley consultants can testify that many businesses are likely to find thousands of holes that need to be filled in their corporate governance practices before they can demonstrate that they meet the new standards for financial reporting. A review of internal auditing systems by professional Sarbanes-Oxley consultants is fundamental to Sarbanes-Oxley compliance, which requires publicly traded businesses to demonstrate best practice in their assurance controls. Directors who do not take a lead in ensuring their businesses are ready for Sarbanes-Oxley regulation compliance risk having awkward systems imposed on them as a result. Companies are realizing that they are going to have to invest in Sarbanes-Oxley compliance solutions now, rather than paying a heavy price in the future. Paisley’s Sarbanes-Oxley consultants can help you better evaluate your compliance efforts.

Powerful Paisley Solutions

Risk Navigator® was designed to help companies with Sarbanes-Oxley compliance policies and establish long-term operational risk & enterprise management solutions to Sarbanes-Oxley regulation. It’s an immediate solution with the capacity for full control and Integrated Sarbanes Oxley 404 compliance- software for the future.

CARD®map software was designed to help organizations meet risk and control governance responsibilities including risk assessment analysis for Sarbanes-Oxley and emerging Basel operational risk requirements resulting from the Basel Accord; an excellent risk management tool used by Sarbanes-Oxley consultants everywhere.

FOCUS® is web-based and designed specifically for Sarbanes-Oxley compliance, particularly in relation to Sections 302 and 404 requirements. It is a fast, easy way to Sarbanes-Oxley compliance. It documents all risks and controls, establishes accountability, identifies gaps, tracks action plans and provides for management certification. FOCUS provides the level of detailed documentation required to satisfy external auditors in the most efficient way possible.