Company Controllers and Directors of Internal Audit are intimately familiar with the complexities and resource demands of SOX audits. While meticulous adherence to regulations is paramount, relying solely on manual processes for audit preparation can wear down your team, raise error rates, and, let’s face it, become surprisingly costly.
Let’s break down the reality of manual SOX audit preparation:
We recognize that technology upgrades don’t always reside neatly within the internal audit budget. Yet, it’s important to recognize that manual SOX compliance represents a substantial operational inefficiency for the entire organization. Departments involved in providing evidence and reviews feel the burden, distracting them from their core responsibilities.
Continuous Controls Monitoring (CCM) solutions aren’t just a time-saver but a fundamentally smarter approach to SOX compliance. Imagine:
It’s time to reframe SOX compliance. It’s not solely an expenditure but an investment in process efficiency, error reduction, and risk mitigation. Conduct a thorough cost/benefit analysis, including:
The transition to a CCM solution isn’t merely implementing technology; it’s transforming your entire SOX approach. You’ll equip your team with tools that streamline their work, provide proactive insights into your organization’s control environment, and ensure you approach every audit with greater confidence and less anxiety.
Contact our CCM experts today to schedule a custom demo.
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