Imagine a SOX compliance function that keeps pace with the rapid changes of businesses, one that exceeds the ever-increasing stakeholder expectations, while proactively addressing the constantly changing risk profiles. PwC has re-imagined SOX in a way that reduces total cost of compliance and helps turn risks into rewards.
As leading organizations evaluate their SOX compliance programs, we find that they hope to be aligned with strategic and compliance objectives that deliver quality but are right-sized for their environment. They also seek to leverage the rise of digital transformation initiatives in order to address business changes and technological advances.
If you're thinking about a similar journey, consider these three areas.
Innovative technology can improve the quality of your SOX program, make it more cost effective, and deliver insights. But are you wondering where to start? Our SOX team helps you leverage our Intelligent Controls solution along with our experience to transform risk into reward. Our SOX Digital Experience solution combines:
Compliance experience that brings value in all we do—from analytics-based risk assessments using PwC’s SOX Scoping Central accelerator that drives better scoping decisions, to high quality efficient testing, to risk mitigation solutions and solving for complex deficiency issues.
Digitally upskilled, compliance-minded resources, when and where you need them, which include our efficient and cost effective acceleration centers located in five countries across the globe.
Innovative technologies such as intelligent automation software like RPA, machine learning and artificial intelligence; and SOX Works—PwC’s proprietary SOX workflow solution and component of the Enterprise Control product suite—a cross system analytics solution that helps companies assess risks within their enterprise system data.
A right-sized, scalable SOX program that delivers quality at a lower cost:
*Estimate based on our experience
Combine compliance expertise and technology-enabled solutions to drive quality and balance cost within your SOX program allowing internal resources to focus on higher risk, strategic activities
How can Internal Audit’s superpowers help organisations ‘see through walls’ to avoid hazards, remove complexity, and find new opportunities? Find out in PwC’s Global Internal Audit Study.
A tech-enabled approach to SOX compliance can lower costs while boosting control efficiencies.
A key step is to comply with the Sarbanes-Oxley Act, which takes expertise, careful planning and a shift in mindset.
